401(k) · DOL Form 5500 · 2023

Quality Machine & Tool Works, Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
59
Participants Small participant base
36th
Percentile by assets National rank
$52,847
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan · Sponsored by Quality Machine & Tool Works, Inc. · Indiana · Manufacturing

$3M in assets, 59 participants

Quality Machine & Tool Works, Inc.'s Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan reported $3M in total assets and 59 participants in its 2023 DOL Form 5500 filing, ranking in the 36th 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.

  • #3,679 in Manufacturing (18,722 peers)

Quality Machine & Tool Works, Inc. multi-year trail

Quality Machine & Tool Works, Inc.'s plans moved +13.9% in assets from 2022 to 2024; this filing shows Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan at $3M / 59 participants.

#3,679
in Manufacturing (18,722 peers)
+15.5%
assets growth YoY

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan vs every filed plan by assets

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

$3,117,993 36th percentile higher than 36% 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

Quality Machine & Tool Works, Inc. Tax Savings & Retirement 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. Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan reported net income rose from -$310K in the plan year 2022 filing to $417K in the plan year 2023 filing.
  • Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan end-of-year assets rose from $3M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan reported participants rose from 55 in the plan year 2022 filing to 59 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 351376014 · Quality Machine & Tool Works, Inc. PY 2023 · 401(k)

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan · $3M · 59 · 36th

  • EBSA $3M
  • EBSA 59
  • EBSA 36th
  • EBSA 401(k)
  • EBSA near Mindoula Health Inc 401(k) Profit Sharing Plan & Trust
  • EBSA ind #3679

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 Manufacturing retirement plans → · Plans in Indiana →

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan in the asset neighbourhood

Quality Machine & Tool Works, Inc. Tax Savings & Retirement PlanQuality Machine & Tool Works…$3MMindoula Health Inc 401(k) Profit Sharing Plan & TrustMindoula Health Inc 401(k) P…$3MSpinco Metal Products Inc 401(k) Profit Sharing Plan & TrustSpinco Metal Products Inc 40…$3MEmpire State Bank 401(k) Plan$3MHurley Practice Management Services Employee Deferred Compensation PlanHurley Practice Management S…$3M
End-of-year total assets ($M) among Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Quality Machine & Tool Works, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Quality Machine & Tool Works, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 13.914746493439745% vs 2022
2024 filing year
$2.6M$2.8M$3M$3.2M 202220232024 $2.7M $3.08M ▲ +14.1%
Year Plans Participants Total Assets
2022 1 55 $3M
2023 1 59 $3M
2024 1 53 $3M

Quality Machine & Tool Works, Inc. filing trail (2023)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$417K
Employer EIN351376014
Plan Effective Date1998-07-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Indiana

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

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan, Total assets ($B): 0.003117993 · Participants: 59Quality Machine & Tool Works, Inc. Tax Savings & Retirement PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan side-by-side with 3 peers →

Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Mindoula Health Inc 401(k) Profit Sharing Plan & Trust in MD ($3M); by covered participants it is High Point Logistics, LLC 401(k) Plan in TN (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 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 Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan assets move in 2023? ▼
Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan grew sharply - up 15.5% during 2023, from $3M to $3M. Reported net income was $417K.
How have Quality Machine & Tool Works, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Quality Machine & Tool Works, Inc.'s sponsor-wide assets grew 13.9%, from $3M to $3M.
Which 401(k) plans are similar in size to Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mindoula Health Inc 401(k) Profit Sharing Plan & Trust in MD ($3M, 218 participants).
Which 401(k) plans cover a similar participant headcount to Quality Machine & Tool Works, Inc. Tax Savings & Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is High Point Logistics, LLC 401(k) Plan in TN (59 participants, $466K 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 351376014.

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.