Quest Software Inc. 401(k) Review & Grade
Quest Software Inc. 401(k) Plan
Aliso Viejo, CAProfessional, Scientific & Technical Services999 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,324Employer $ per active participant
$13,023Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$299.5MNet plan assets, end of year
$174,525Average balance per account
Score breakdown
- Employer generosity42.5 / 5085th percentile for employer $ per participant
- Low cost17.9 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score75 / 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 | 85th |
| Lower admin cost | 71th |
| Employee saving | 80th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Quest Software put in about $7,324 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 | $7,316,501 |
| Participant (employee) contributions | $13,010,022 |
| Other contributions (incl. rollovers in) | $1,679,022 |
| Administrative expenses paid from the plan | $314,731 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $132,693 |
| Other admin expenses | $50,000 |
| Benefits paid out | $28,733,974 |
| Net assets, start / end of year | $267.9M / $299.5M |
| Active participants, start / end of year | 1,030 / 968 |
| Participants with account balances | 1,716 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $132,038 reported compensation |
| Strategic Advisors, Inc. | $107,693 reported compensation |
| Creative Planning Holdco, LLC | $75,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923110941NAL0007899539001, received 2025-09-23, EIN 33-0231678, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.