Quadax, Inc. 401(k) Review & Grade
Quadax, Inc. 401(k) Profit Sharing Plan and Trust
Beachwood, OHInformation652 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,489Employer $ per active participant
$4,736Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$58.6MNet plan assets, end of year
$79,822Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 45th |
| Employee saving | 19th |
| Peers that auto-enroll | 59% |
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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
- Quadax put in about $1,489 per active participant, below the typical peer ($2,829). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $971,526 |
| Participant (employee) contributions | $3,090,515 |
| Other contributions (incl. rollovers in) | $191,693 |
| Administrative expenses paid from the plan | $143,327 |
| Contract administrator fees | $137,327 |
| Benefits paid out | $2,735,225 |
| Net assets, start / end of year | $48.8M / $58.6M |
| Active participants, start / end of year | 654 / 651 |
| Participants with account balances | 734 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Mgo Oneseven | $215,326 reported compensation |
| Nationwide | $152,410 reported compensation |
| Mgo Oneseven Investment Advisors | $141,206 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260811072013NAL0011122883001, received 2026-08-11, EIN 34-1127026, plan #003, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.