Qualys, Inc. 401(k) Review & Grade
Qualys, Inc. 401(k) Plan
Foster City, CAProfessional, Scientific & Technical Services557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,948Employer $ per active participant
$13,505Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$82.2MNet plan assets, end of year
$95,803Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 83th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($902 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Qualys put in about $7,948 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,426,761 |
| Participant (employee) contributions | $7,522,452 |
| Other contributions (incl. rollovers in) | $1,159,739 |
| Administrative expenses paid from the plan | $49,319 |
| Contract administrator fees | $635 |
| Investment advisory & management fees | $1,751 |
| Other admin expenses | $50 |
| Benefits paid out | $12,808,386 |
| Net assets, start / end of year | $71.3M / $82.2M |
| Active participants, start / end of year | 546 / 568 |
| Participants with account balances | 858 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Audit and Tax Solution Cpa's Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $27,932 reported compensation |
| Prudential Retirement Insurance and | $19,586 reported compensation |
| Advised Assets Group, LLC | $1,752 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930145909NAL0013405984001, received 2025-09-30, EIN 77-0534145, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.