QAD INC. 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of QAD INC. 401(K) RETIREMENT PLAN is $162,058,979.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in QAD INC. 401(K) RETIREMENT PLAN is 895

In 2022, the average participant retirement account value for QAD INC. 401(K) RETIREMENT PLAN is $181,071

In 2022, the estimated average employee contribution amount per participant for QAD INC. 401(K) RETIREMENT PLAN is $7,619

In 2022, the estimated average employer match for an employee in QAD INC. 401(K) RETIREMENT PLAN is approximately $2,037

In 2022, QAD INC. 401(K) RETIREMENT PLAN allocates $1,823,346 to match its employees’ contributions, providing an employer match rate of 26.57% of their contributions

In 2022, the total retirement plan asset growth rate of QAD INC. 401(K) RETIREMENT PLAN is -29.45%

In 2022, the estimated aggregate retirement account investment gain/loss for QAD INC. 401(K) RETIREMENT PLAN is -18.49%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of QAD INC. 401(K) RETIREMENT PLAN is 0.17%.

Enrollment Features

QAD INC. 401(K) RETIREMENT PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.