Q.e.d. Systems, Inc. 401(k) Review & Grade
Q.e.d. Systems, Inc. 401(k) Plan
Virginia Beach, VAProfessional, Scientific & Technical Services536 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$409Employer $ per active participant
$4,658Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$31.2MNet plan assets, end of year
$61,259Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost10.2 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 41th |
| Employee saving | 24th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Q.e.d. Systems put in about $409 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $219,231 |
| Participant (employee) contributions | $2,499,237 |
| Other contributions (incl. rollovers in) | $28,376 |
| Administrative expenses paid from the plan | $92,087 |
| Investment advisory & management fees | $12,152 |
| Benefits paid out | $5,670,472 |
| Net assets, start / end of year | $30.9M / $31.2M |
| Active participants, start / end of year | 635 / 438 |
| Participants with account balances | 509 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekeart LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $29,191 reported compensation |
| Resource 1 Inc | $11,829 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251112094707NAL0000021169001, received 2025-11-12, EIN 54-0850637, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.