Retirement plan

QINETIQ INC. 401(K) PLAN

Name: QINETIQ INC. - QINETIQ INC. 401(K) PLAN (2024) Form 5500
Creator: QINETIQ INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QINETIQ INC. 401(K) PLAN, QINETIQ INC.

QINETIQ INC.EIN 54-1642759Plan #001PY 2024

1800 TYSONS BOULEVARD - MCLEAN, VA 22102571-562-7467LinkedIn1-10 employeesdefense & space

Other plans on this EIN

2 filings

#003Retirement-$127.6M assets #004Retirement-$83.1M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed July 26, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

1800 Tysons Blvd, Suite 750

McLean, VA 22102

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Plans declared (1)

QinetiQ Inc. Executive Nonqualifed Excess Plan310 emp

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Total assets (EOY)

$127.6M

-19.5% from 2016

Total participants

1,956

-12.3% from 2016

Average account balance

$70,830

-11.7% from 2016

Annual return

17.59%

-13.45 pp from 2016

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$127.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$71K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,801

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.59%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$191

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$141,984
THE WAGNER LAW GROUP2 years Service code 29 · EIN 04-3323315	Legal	$65,076
ALBION CONSULTING GROUP, INC.1 year Filed as: ALBION CONSULTING Service code 99 · EIN 26-1644826	Other Fees	$57,775
FIDUCIENT ADVISORS LLC1 year Filed as: FIDUCIENT ADVISORS, LLC Service code 99 · EIN 36-4001764	Other Fees	$33,125
FORVIS, LLP1 year Filed as: FORVIS MAZARS Service code 99 PO BOX 200870 · DALLAS, TX 753200870	Other Fees	$18,900
FORVIS, LLP1 year Filed as: MAZARS USA LLP Service code 99 CROSSINGS PARK DRIVE WEST · WOODBURY, NY 117979816	Other Fees	$16,000
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$10,822

Plan features & details

Pension benefit codes2F2E2G2J2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$344K

$252 / participant

Investment mgmt$84K24.3%
Contract admin$137K39.9%
Other / not subdivided$123K35.8%

% of EOY assets

0.269%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,830

$122,128-42.0%

$147,117-51.9%

$200,096-64.6%

Participation rate

88.6%

78.2%+10.5pp

82.2%+6.4pp

72.0%+16.6pp

Annual return

17.59%

30.58%-13.0pp

420.54%-403.0pp

34.26%-16.7pp

Employer contribution / active EE

$5,562

$4,093+35.9%

$4,932+12.8%

$3,038+83.1%

Participant deferral / active EE

$9,410

$8,484+10.9%

$8,065+16.7%

$5,090+84.9%

Admin fee / account holder

$191

$180+6.3%

$12,993-98.5%

$269-29.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$141,984

THE WAGNER LAW GROUP2 years

Service code 29 · EIN 04-3323315

Legal

$65,076

ALBION CONSULTING GROUP, INC.1 year

Filed as: ALBION CONSULTING

Service code 99 · EIN 26-1644826

Other Fees

$57,775

FIDUCIENT ADVISORS LLC1 year

Filed as: FIDUCIENT ADVISORS, LLC

Service code 99 · EIN 36-4001764

Other Fees

$33,125

FORVIS, LLP1 year

Filed as: FORVIS MAZARS

Service code 99

PO BOX 200870 · DALLAS, TX 753200870

Other Fees

$18,900

FORVIS, LLP1 year

Filed as: MAZARS USA LLP

Service code 99

CROSSINGS PARK DRIVE WEST · WOODBURY, NY 117979816

Other Fees

$16,000

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$10,822

QINETIQ INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QINETIQ INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion