Qinetiq Inc. 401(k) Review & Grade
Qinetiq Inc. 401(k) Plan
Mclean, VAProfessional, Scientific & Technical Services925 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,195Employer $ per active participant
$13,866Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$127.6MNet plan assets, end of year
$70,830Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 40th |
| Employee saving | 84th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,654 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Qinetiq put in about $8,195 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $7,580,723 |
| Participant (employee) contributions | $12,826,197 |
| Other contributions (incl. rollovers in) | $2,090,680 |
| Administrative expenses paid from the plan | $343,682 |
| Contract administrator fees | $137,127 |
| Investment advisory & management fees | $83,504 |
| Other admin expenses | $123,051 |
| Benefits paid out | $12,317,946 |
| Net assets, start / end of year | $101.6M / $127.6M |
| Active participants, start / end of year | 487 / 1,363 |
| Participants with account balances | 1,801 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $141,984 reported compensation |
| The Wagner Law Group | $65,076 reported compensation |
| Albion Consulting | $57,775 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251118143117NAL0002645969001, received 2025-11-18, EIN 54-1642759, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.