Retirement plan

QUANTUM RESIDENTIAL, INC. 401(K) RETIREMENT PLAN

Name: QUANTUM RESIDENTIAL, INC. - QUANTUM RESIDENTIAL, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: QUANTUM RESIDENTIAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUANTUM RESIDENTIAL, INC. 401(K) RETIREMENT PLAN, QUANTUM RESIDENTIAL, INC.

QUANTUM RESIDENTIAL, INC.EIN 91-1497672Plan #004PY 2022

601 E. 16TH STREET - VANCOUVER, WA 98663360-905-0163quantumresidential.comLinkedIn201-500 employeesreal estate

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.4M

-4.1% from 2021

Total participants

273

+25.2% from 2021

Average account balance

$7,101

-25.4% from 2021

Annual return

-18.15%

-28.51 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

155

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.

46.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$337K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$20,614
GEFFENMESHER2 years Service code 10 888 SW 5TH AVE · PORTLAND, OR 97204	Accounting	$15,999
HUMAN INTEREST ADVISOR LLC2 years Filed as: HUMAN INVESTING Service code 27 · EIN 74-3130983	Advisory (Plan)	$6,816
MORNINGSTAR2 years Service code 50 22 WEST WASHINGTON STREET · CHICAGO, IL 60602	Direct Payment	$1,893

Plan features & details

Pension benefit codes2A2E3D2G2J2K2F2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$45K

$265 / participant

Investment mgmt$9K19.2%
Contract admin$21K45.5%
Other / not subdivided$16K35.3%

% of EOY assets

3.224%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GEFFEN MESHER
Auditor EIN: 931042710
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,101

$59,159-88.0%

$159,960-95.6%

$66,914-89.4%

Participation rate

56.1%

68.1%-12.0pp

78.0%-21.8pp

69.8%-13.7pp

Annual return

-18.15%

-12.26%-5.9pp

408.60%-426.8pp

1.58%-19.7pp

Employer contribution / active EE

$735

$1,983-62.9%

$4,226-82.6%

$2,544-71.1%

Participant deferral / active EE

$1,443

$4,395-67.2%

$6,182-76.7%

$4,237-65.9%

Admin fee / account holder

$229

$591-61.3%

$8,698-97.4%

$593-61.4%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$20,614

GEFFENMESHER2 years

Service code 10

888 SW 5TH AVE · PORTLAND, OR 97204

Accounting

$15,999

HUMAN INTEREST ADVISOR LLC2 years

Filed as: HUMAN INVESTING

Service code 27 · EIN 74-3130983

Advisory (Plan)

$6,816

MORNINGSTAR2 years

Service code 50

22 WEST WASHINGTON STREET · CHICAGO, IL 60602

Direct Payment

$1,893

QUANTUM RESIDENTIAL, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUANTUM RESIDENTIAL, INC. 401(K) RETIREMENT PLAN

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