Plan Ledger DOL Form 5500 · updated monthly

Quantum Corporation401(k)

QUANTUM CORPORATION EMPLOYEE SAVINGS AND INVESTMENT PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Quantum Corporation reported $110,342 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $3,442 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.05% to 0.04%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 449th-largest of 9,483 plans among California employers on file, and the 944th of 13,661 in manufacturing. In 2024, employees put in $5.48 for every $1.00 the employer contributed; active participation has shrunk from 441 to 291 since 2022.

Plan summary
Net assets, end of year$267,521,123
Participants with balances1,079
Active participants291
Employer contributions$1,001,481
Employee contributions$5,490,425
Employer contribution per active participant$3,442
Average account balance$247,934
Benefits paid to participants$39,709,399
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$267.5M · 1,079 accts · $1.0M emplr
2023$255.4M · 1,205 accts · $1.6M emplr
2022$227.5M · 1,309 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,092
Audit (IQPA)$22,375
Total administrative$110,342
The Quantum Corporation 401(k) match · 2024
Employer contribution per active participant$3,442
Median for plans this size$4,294
2024$3,442 per active participant
2023$4,310 per active participant
2022$4,060 per active participant

Quantum Corporation's 2024 employer contribution ran below the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$83,054
BROCK · Accounting / audit$22,375

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$110,342 · 0.04%
2023$125,783 · 0.05%
2022$122,155 · 0.05%
Same employer
Similar plansManufacturing · California
Plantronics, Inc. CA$272.1M · 0.01%
Lumentum Operations LLC CA$271.5M · 0.04%
Riverbed Technology LLC CA$270.9M · 0.04%
Osi Systems, Inc. CA$269.8M · 0.10%
Masimo Corporation CA$267.2M · 0.07%
Aerovironment, Inc. CA$259.8M · 0.10%
Golden State Foods CA$259.7M · 0.20%
Calix, Inc. CA$256.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942665054 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.