401(k) · DOL Form 5500 · 2023

Quoin Financial Bank 401(k) Plan

Data updated 2026-08-25

$6K
Total assets Small plan by assets
31
Participants Small participant base
1st
Percentile by assets National rank
$208
Avg per participant Low balance/head
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Official DOL plan name: Quoin Financial Bank 401(k) Profit Sharing Plan · Sponsored by Quoin Financial Bank · South Dakota · Finance & Insurance

$6K in assets, 31 participants

Quoin Financial Bank's Quoin Financial Bank 401(k) Profit Sharing Plan reported $6K in total assets and 31 participants in its 2023 DOL Form 5500 filing, ranking in the 1st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #79 in Finance & Insurance (8,869 peers)

Quoin Financial Bank multi-year trail

Quoin Financial Bank's plans moved -99.9% in assets from 2022 to 2023; this filing shows Quoin Financial Bank 401(k) Profit Sharing Plan at $6K / 31 participants.

#79
in Finance & Insurance (8,869 peers)
-99.9%
assets change YoY

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Quoin Financial Bank 401(k) Profit Sharing Plan among the smaller filed plans by assets

Quoin Financial Bank 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$6,462 1st percentile higher than 1% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Quoin Financial Bank 401(k) Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Quoin Financial Bank 401(k) Profit Sharing Plan is a small filing (31 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Quoin Financial Bank 401(k) Profit Sharing Plan reported net income fell from -$1M in the plan year 2022 filing to -$10M in the plan year 2023 filing.
  • Quoin Financial Bank 401(k) Profit Sharing Plan end-of-year assets fell from $10M in the plan year 2022 filing to $6K in the plan year 2023 filing.
  • Quoin Financial Bank 401(k) Profit Sharing Plan reported participants fell from 34 in the plan year 2022 filing to 31 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 460395562 · Quoin Financial Bank PY 2023 · 401(k)

Quoin Financial Bank 401(k) Profit Sharing Plan · $6K · 31 · 1st

  • EBSA $6K
  • EBSA 31
  • EBSA 1st
  • EBSA 401(k)
  • EBSA near Sanfordjanes, Inc. 401(k) Profit Sharing Plan
  • EBSA ind #79

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in South Dakota →

Quoin Financial Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Quoin Financial Bank 401(k) Profit Sharing PlanQuoin Financial Bank 401(k) …$6KSanfordjanes, Inc. 401(k) Profit Sharing PlanSanfordjanes, Inc. 401(k) Pr…$6KBig Fun Entertainment, Inc. 401(k) PlanBig Fun Entertainment, Inc. …$6KAbco Services Retirement Plan$6K212 Ventures Corp. 401(k) Profit Sharing Plan212 Ventures Corp. 401(k) Pr…$6K
End-of-year total assets ($M) among Quoin Financial Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Quoin Financial Bank multi-year asset trail

Sponsor-wide plan assets over time

All Quoin Financial Bank plans reported in each filing year

Latest sponsor-wide plan assets
$6K 99.93461834292407% vs 2022
2023 filing year
$0M$5M$10M$15M 20222023 $9.88M $0.01M ▼ -99.9%
Year Plans Participants Total Assets
2022 1 34 $10M
2023 2 31 $6K

Quoin Financial Bank filing trail (2023)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$6K
Net Income-$10M
Employer EIN460395562
Plan Effective Date1987-05-11
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Dakota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Quoin Financial Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -2000200400600800 Total assets ($M) Participants Quoin Financial Bank 401(k) Profit Sharing Plan, Total assets ($M): 0.006462 · Participants: 31Quoin Financial Bank 401(k) Profit Sharing PlanBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) Plan
Quoin Financial Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Quoin Financial Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Quoin Financial Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Sanfordjanes, Inc. 401(k) Profit Sharing Plan in MD ($6K); by covered participants it is Southeastern Plastic Surgery, Inc. 401(k) Plan in FL (31 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (31 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Quoin Financial Bank 401(k) Profit Sharing Plan assets move in 2023? ▼
Quoin Financial Bank 401(k) Profit Sharing Plan contracted severely - down 99.9% during 2023, from $10M to $6K. Reported net income was -$10M.
How have Quoin Financial Bank plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Quoin Financial Bank's sponsor-wide assets declined 99.9%, from $10M to $6K.
Where does Quoin Financial Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Quoin Financial Bank 401(k) Profit Sharing Plan ranks in the 1st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Quoin Financial Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sanfordjanes, Inc. 401(k) Profit Sharing Plan in MD ($6K, 2 participants).
Which 401(k) plans cover a similar participant headcount to Quoin Financial Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Southeastern Plastic Surgery, Inc. 401(k) Plan in FL (31 participants, $8M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460395562.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.