2023 Form 5500 filing — Qad Inc. 401(K) Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241010180419NAL0034949520001) for Qad Inc. 401(K) Retirement Plan, reported by Qad Inc. under EIN 77-0105228 and plan number 001. It reports 777 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010180419NAL0034949520001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Qad Inc.
- EIN
- 77-0105228
- Plan number
- 001
- Location
- Santa Barbara, CA
- Participants
- 777
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $161,895,257
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $161,895,257
- Employer contributions
- $1,661,488
- Participant contributions
- $6,083,806
- Total income / additions
- $37,769,621
- Benefits paid
- $37,857,506
- Administrative expenses
- $297,436
- Total expenses
- $38,154,942
- Net increase / (decrease)
- -$385,321
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Retirement Svcs | RETAINED BY CLIENT | $209,929 | $0 |
| Morgan Stanley | RETAINED BY CLIENT | $64,217 | not reported in the loaded dataset |
| Bartlett, Pringle & Wolf, Llp | RETAINED BY CLIENT | $23,289 | not reported in the loaded dataset |