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QA EDGE, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameQA EDGE, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

QA EDGE, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

QA EDGE, INC. has sponsored the creation of one or more 401k plans.

Company Name:QA EDGE, INC.
Employer identification number (EIN):232873639
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QA EDGE, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOSEPH SCHENK2023-10-02
0012021-01-01JOSEPH SCHENK2022-09-07
0012020-01-01JOSEPH SCHENK2021-10-15
0012019-01-01JOSEPH SCHENK2020-10-06
0012018-01-01JOSEPH SCHENK2019-10-11
0012017-01-01JOSEPH SCHENK2018-07-30
0012016-01-01JOSEPH SCHENK2017-10-03
0012015-01-01JOSEPH SCHENK2016-10-13
0012014-01-01JOSEPH SCHENK2015-10-15
0012013-01-01JOSEPH SCHENK2014-10-14
0012012-01-01JOSEPH SCHENK2013-10-15
0012011-01-01JOSEPH SCHENK2012-10-09
0012010-01-01JOSEPH SCHENK
0012009-01-01JOSEPH SCHENK

Plan Statistics for QA EDGE, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for QA EDGE, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2010: QA EDGE, INC. 401K PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0112
Total number of active participants reported on line 7a of the Form 55002010-01-011
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0124
Total of all active and inactive participants2010-01-0125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0125
Number of participants with account balances2010-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: QA EDGE, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0112
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0112
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0112
Number of participants with account balances2009-01-0111
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on QA EDGE, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2010 : QA EDGE, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$20,185
Expenses. Total of all expenses incurred2010-12-31$20,523
Benefits paid (including direct rollovers)2010-12-31$18,010
Total plan assets at end of year2010-12-31$250,993
Total plan assets at beginning of year2010-12-31$251,331
Value of fidelity bond covering the plan2010-12-31$70,000
Other income received2010-12-31$20,185
Net income (gross income less expenses)2010-12-31$-338
Net plan assets at end of year (total assets less liabilities)2010-12-31$250,993
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$251,331
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$25,291
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$2,513
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : QA EDGE, INC. 401K PROFIT SHARING PLAN 2009 401k financial data
Total income from all sources2009-12-31$38,396
Expenses. Total of all expenses incurred2009-12-31$79,148
Benefits paid (including direct rollovers)2009-12-31$34,611
Total plan assets at end of year2009-12-31$251,331
Total plan assets at beginning of year2009-12-31$292,083
Value of fidelity bond covering the plan2009-12-31$70,000
Total contributions received or receivable from participants2009-12-31$222
Other income received2009-12-31$38,063
Net income (gross income less expenses)2009-12-31$-40,752
Net plan assets at end of year (total assets less liabilities)2009-12-31$251,331
Net plan assets at beginning of year (total assets less liabilities)2009-12-31$292,083
Assets. Value of participant loans2009-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022009-12-31$25,291
Total contributions received or receivable from employer(s)2009-12-31$111
Value of certain deemed distributions of participant loans2009-12-31$44,537
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
2008 : QA EDGE, INC. 401K PROFIT SHARING PLAN 2008 401k financial data
Total income from all sources2008-12-31$-114,596
Expenses. Total of all expenses incurred2008-12-31$162,713
Benefits paid (including direct rollovers)2008-12-31$162,713
Total plan assets at end of year2008-12-31$292,083
Total plan assets at beginning of year2008-12-31$569,392
Value of fidelity bond covering the plan2008-12-31$70,000
Total contributions received or receivable from participants2008-12-31$24,002
Other income received2008-12-31$-145,896
Net income (gross income less expenses)2008-12-31$-277,309
Net plan assets at end of year (total assets less liabilities)2008-12-31$292,083
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$569,392
Assets. Value of participant loans2008-12-31$44,537
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022008-12-31$25,069
Total contributions received or receivable from employer(s)2008-12-31$7,298
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2008-12-31$0

Form 5500 Responses for QA EDGE, INC. 401K PROFIT SHARING PLAN

2010: QA EDGE, INC. 401K PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: QA EDGE, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-54-AY42
Policy instance 1
Insurance contract or identification numberGAP-54-AY42
Number of Individuals Covered25
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $1,342
Total amount of fees paid to insurance companyUSD $336
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,342
Insurance broker organization code?7
Amount paid for insurance broker fees336
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameBENEFIT PLANS ADMINISTRATIVE SVCS
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-54-AY42
Policy instance 1
Insurance contract or identification numberGAP-54-AY42
Number of Individuals Covered11
Insurance policy start date2009-01-01
Insurance policy end date2009-12-31
Total amount of commissions paid to insurance brokerUSD $1,377
Total amount of fees paid to insurance companyUSD $344
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,377
Insurance broker organization code?7
Amount paid for insurance broker fees344
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameBENEFIT PLANS ADMINISTRATIVE SVCS
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-54-AY42
Policy instance 1
Insurance contract or identification numberGAP-54-AY42
Number of Individuals Covered11
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $2,272
Total amount of fees paid to insurance companyUSD $568
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $2,272
Insurance broker organization code?7
Amount paid for insurance broker fees568
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker nameALLIANCE BENEFIT GROUP - MIDATLANTI

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