Plan Snapshot
- Plan Sponsor: Qnnect, LLC
- Sponsor EIN: 881581438
- Sponsor Address: 1382 WEST JACKSON STREET, PAINESVILLE, OH, 44077
- Plan Type: 401(k)
- Total Participants: 1,251
- Total Assets: $54.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,251 | $54.1M | $2.4M | $4.7M |
| 2023 | 1,183 | $43.3M | $1.4M | $2.7M |
| 2022 | 193 | $7.7M | $28,416 | $56,303 |
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 |
|---|---|---|---|---|
| ARMANINO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ARMANINO LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $72,461 | $12,322 | — | — | — |
| 2023 | $4,615,160 | — | $27,418 | — | — |
| 2022 | — | — | — | — | — |