Quantum Health 401(k) match, vesting and fees
What Quantum Health's 401(k) plan says about matching contributions
The Company contributes a safe harbor match of 100% of the first 3% of the participant deferral and 50% of the next 2% of the participant deferral for a maximum match of 4% of eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance. Loan terms can range from one to five years; however, terms can be extended over a reasonable period that may exceed five years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates as determined by the plan administrator. | Audit report, p. 29 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Whalen Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,087 defined-contribution plans in professional, scientific, and technical services with 1,000 to 4,999 participants.
| Quantum Health: employer contribution per participant | $2,430 | |
| Peer median | $2,556 |
| Quantum Health: average balance | $44,430 | |
| Peer median | $100,166 |
| Quantum Health: admin expenses ÷ assets | 0.28% | |
| Peer median | 0.11% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $64M at the end of plan year 2021 to $109M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,714 | $109M | $6M | $2,430 | 0.28% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 2,661 | $88.1M | $5.6M | $2,291 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 2,101 | $63.4M | $4.2M | $2,317 | 0.28% | Not published | Form 5500 ↗ |
| 2021 | 1,858 | $64M | $3.1M | $2,178 | 0.32% | Not published | Form 5500 ↗ |
Common questions
Does Quantum Health match 401(k) contributions?
The audit report attached to the Quantum Health, Inc. 401(k) Plan's plan year 2024 Form 5500, page 28 says: “The Company contributes a safe harbor match of 100% of the first 3% of the participant deferral and 50% of the next 2% of the participant deferral for a maximum match of 4% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Quantum Health 401(k) match vested?
The vesting schedule for the Quantum Health, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Quantum Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Quantum Health, Inc..
I left Quantum Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Quantum Health, Inc., (800) 257-2038) or the recordkeeper, Fidelity Investments Institutional. The Quantum Health old 401(k) page lists the contacts from every plan filing. Find an old Quantum Health 401(k)
Data from the public Form 5500 annual reports Quantum Health filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Quantum Health. Not financial advice. Report a correction · Methodology