Plan Snapshot
- Plan Sponsor: Quay Australia
- Sponsor EIN: 901020612
- Sponsor Address: 465 CALIFORNIA STREET, SUITE 1250, SAN FRANCISCO, CA, 94104
- Plan Type: 401(k)
- Total Participants: 108
- Total Assets: $4.7M
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 | 108 | $4.7M | $175,816 | $653,127 |
| 2023 | 122 | $3.9M | $222,792 | $639,336 |
| 2022 | 124 | $2.9M | $255,085 | $761,211 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $63,407 | — | $63,407 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $20,200 | — | $20,200 |
| QUAY EYEWARE INC | PLAN SPONSOR | $8,700 | — | $8,700 |
| SILICON VALLEY ACCOUNTANCY CORP | AUDITOR | $7,975 | — | $7,975 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,282
- Estimated Expense Ratio: 2.152% 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 | $104,264 | $24,182 | — | $16,675 | — |
| 2023 | $64,584 | $18,360 | — | — | — |
| 2022 | $58,428 | $16,874 | $41,554 | — | — |