401(k) · DOL Form 5500 · 2023

Quality Equipment, LLC 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
665
Participants Below avg headcount
81st
Percentile by assets National rank
$50,934
Avg per participant Low balance/head
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Official DOL plan name: Quality Equipment, LLC 401(k) Plan · Sponsored by Quality Equipment, LLC · North Carolina · Retail Trade

$34M in assets, 665 participants

Quality Equipment, LLC's Quality Equipment, LLC 401(k) Plan reported $34M in total assets and 665 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #7,478 in Retail Trade (8,414 peers)

Where Quality Equipment, LLC 401(k) Plan sits by assets

Quality Equipment, LLC 401(k) Plan sits in the top quartile of all filed plans by assets, $34M for 665 participants (~$50,934/participant), up 32.3% in 2023.

#7,478
in Retail Trade (8,414 peers)
+32.3%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Quality Equipment, LLC 401(k) Plan's outsized position by total assets

Quality Equipment, LLC 401(k) Plan vs every filed plan by assets

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

$33,870,929 Top 19% higher than 81% 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 Equipment, LLC 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Quality Equipment, LLC 401(k) Plan sits mid-pack in the medium band (665 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Quality Equipment, LLC 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Quality Equipment, LLC 401(k) Plan end-of-year assets rose from $26M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Quality Equipment, LLC 401(k) Plan reported participants rose from 556 in the plan year 2022 filing to 665 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 831687901 · Quality Equipment, LLC PY 2023 · 401(k)

Quality Equipment, LLC 401(k) Plan · $34M · 665 · 81st

  • ASSETS $34M
  • ASSETS 665
  • ASSETS 81st
  • ASSETS 401(k)
  • ASSETS near Pats Aircraft, LLC 401(k) Plan
  • ASSETS ind #7478

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 Retail Trade retirement plans → · Plans in North Carolina →

Quality Equipment, LLC 401(k) Plan in the asset neighbourhood

Quality Equipment, LLC 401(k) PlanQuality Equipment, LLC 401(k…$34MPats Aircraft, LLC 401(k) PlanPats Aircraft, LLC 401(k) Pl…$34MPetaluma Health Center 401(k) Plan & TrustPetaluma Health Center 401(k…$34MFulton County Health Center Employees' Pension PlanFulton County Health Center …$34MUniversal Stainless & Alloy Products, Inc. Employees 401(k) PlanUniversal Stainless & Alloy …$34M
End-of-year total assets ($M) among Quality Equipment, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$34M
Net Income$8M
Employer EIN831687901
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Quality Equipment, LLC)

Sponsor-wide plan assets over time

All Quality Equipment, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$39M 53.88514854053996% vs 2022
2024 filing year
$20M$25M$30M$35M$40M$45M 202220232024 $25.6M $39.4M ▲ +53.9%
Year Plans Participants Total Assets
2022 1 556 $26M
2023 1 665 $34M
2024 1 688 $39M

Nearby 401(k) Plans in North Carolina

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

Quality Equipment, LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Quality Equipment, LLC 401(k) Plan, Total assets ($B): 0.033870929 · Participants: 665Quality Equipment, LLC 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Quality Equipment, LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Quality Equipment, LLC 401(k) Plan side-by-side with 3 peers →

Quality Equipment, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Pats Aircraft, LLC 401(k) Plan in DE ($34M); by covered participants it is Grand Itasca Clinic & Hospital 401(k) Plan and Trust in MN (665 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (665 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 Equipment, LLC 401(k) Plan assets move in 2023? ▼
Quality Equipment, LLC 401(k) Plan surged - up 32.3% during 2023, from $26M to $34M. Reported net income was $8M.
How have Quality Equipment, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Quality Equipment, LLC's sponsor-wide assets grew 53.9%, from $26M to $39M.
Where does Quality Equipment, LLC 401(k) Plan rank by assets among Form 5500 filers? ▼
Quality Equipment, LLC 401(k) Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Quality Equipment, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pats Aircraft, LLC 401(k) Plan in DE ($34M, 178 participants).
Which 401(k) plans cover a similar participant headcount to Quality Equipment, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Grand Itasca Clinic & Hospital 401(k) Plan and Trust in MN (665 participants, $99M 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 831687901.

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.