Plan Snapshot
- Plan Sponsor: Qad INC.
- Sponsor EIN: 770105228
- Sponsor Address: 101 INNOVATION PLACE, SANTA BARBARA, CA, 93108
- Plan Type: 401(k)
- Total Participants: 534
- Total Assets: $189.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 534 | $189.4M | $2.5M | $8.4M |
| 2023 | 374 | $161.9M | $1.7M | $6.1M |
| 2022 | 457 | $162.3M | $2.0M | $6.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BARTLETT, PRINGLE & WOLF, LLP | Auditor | $8,929 | — | $8,929 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,929
- Estimated Expense Ratio: 0.005% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $253,261 | $73,740 | $170,592 | $8,929 | — |
| 2023 | $297,436 | $87,507 | $209,929 | — | — |
| 2022 | $269,209 | $79,280 | $173,186 | — | $16,743 |