401(k)
2022 plan-year 401(k) DOL Form 5500

QLC 401K PROFIT SHARING PLAN AND TRUST

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

QUALITY LIFE CONCEPTS, INC.

This 401(k) plan holds $1M in total assets and serves 78 participants as of 2022. It is sponsored by QUALITY LIFE CONCEPTS, INC. in Montana. The plan reported a net loss of $147K for the year.

Total Assets (2023)
$1M
Participants
78
State
Industry
Healthcare & Social Assistance

What the Filing Says About QLC 401K PROFIT SHARING PLAN AND TRUST

QLC 401K PROFIT SHARING PLAN AND TRUST is a 401(k) retirement plan sponsored by QUALITY LIFE CONCEPTS, INC., headquartered in Montana. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 78 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 810366158, and the plan has been effective since 1998-11-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $1M at year-end — a decline of 9.8%. Net assets (after liabilities) closed the year at $1M, with reported net income of $-147,273 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$2M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$-147,273
Plan Type401(k)
Employer EIN810366158
Plan Effective Date1998-11-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the QLC 401K PROFIT SHARING PLAN AND TRUST?
As of the 2022 Form 5500 filing, QLC 401K PROFIT SHARING PLAN AND TRUST holds $1M in total assets with 78 participants. It is sponsored by QUALITY LIFE CONCEPTS, INC..
What type of plan is QLC 401K PROFIT SHARING PLAN AND TRUST?
QLC 401K PROFIT SHARING PLAN AND TRUST is a 401(k) plan. It has been effective since 1998-11-01. The plan is filed with the U.S. Department of Labor under EIN 810366158.
Who sponsors the QLC 401K PROFIT SHARING PLAN AND TRUST?
QLC 401K PROFIT SHARING PLAN AND TRUST is sponsored by QUALITY LIFE CONCEPTS, INC., located in Montana. The sponsor's EIN is 810366158 and the plan operates in the Healthcare & Social Assistance industry.
How did QLC 401K PROFIT SHARING PLAN AND TRUST perform in 2022?
QLC 401K PROFIT SHARING PLAN AND TRUST declined by 9.8% during 2022, moving from $2M to $1M in total assets. Net income was $-147,273.
Where can I find official filings for QLC 401K PROFIT SHARING PLAN AND TRUST?
Official Form 5500 filings for QLC 401K PROFIT SHARING PLAN AND TRUST are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 810366158 or plan name at efast.dol.gov.
How does QLC 401K PROFIT SHARING PLAN AND TRUST compare to other plans?
You can compare QLC 401K PROFIT SHARING PLAN AND TRUST against other 401(k) plans on the plan type page, or view plans in Montana on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 810366158.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.