Q2 Holdings, Inc. 401(k) Review & Grade
Q2 Holdings, Inc. 401(k) Plan
Austin, TXProfessional, Scientific & Technical Services1,686 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,011Employer $ per active participant
$14,283Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$219.2MNet plan assets, end of year
$103,631Average balance per account
Score breakdown
- Employer generosity32.1 / 5064th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 68th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,383 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Q2 Holdings put in about $4,011 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $6,763,027 |
| Participant (employee) contributions | $24,081,003 |
| Other contributions (incl. rollovers in) | $4,083,174 |
| Administrative expenses paid from the plan | $250,531 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $165,245 |
| Benefits paid out | $13,827,256 |
| Net assets, start / end of year | $171.2M / $219.2M |
| Active participants, start / end of year | 1,712 / 1,660 |
| Participants with account balances | 2,115 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bauer&company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,286 reported compensation |
| Strategic Advisors, Inc. | $85,245 reported compensation |
| Alliant Retirement Services | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917103633NAL0000371969001, received 2025-09-17, EIN 20-2706637, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.