401(k) · DOL Form 5500 · 2023

Quality Forklift Sales and Service, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
118
Participants Small participant base
54th
Percentile by assets National rank
$66,877
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan · Sponsored by Quality Forklift Sales and Service, Inc. · Minnesota · Other Services

$8M in assets, 118 participants

Quality Forklift Sales and Service, Inc.'s Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan reported $8M in total assets and 118 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #5,723 in Other Services (7,857 peers)

Coverage in Minnesota

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan covers 118 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $8M.

#5,723
in Other Services (7,857 peers)
+16.1%
assets growth YoY

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Other Services and all filers

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$7,891,447 Top 46% higher than 54% 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (118 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan reported participants rose from 107 in the plan year 2022 filing to 118 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 411644916 · Quality Forklift Sales and Service, Inc. PY 2023 · 401(k)

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan · $8M · 118 · 54th

  • EIN $8M
  • RANK 118
  • PHOTO 54th
  • IND 401(k)
  • EOY near Ubg 401(k)- Country Partners Coop
  • 5500 ind #5723

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 Other Services retirement plans → · Plans in Minnesota →

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing PlanQuality Forklift Sales and S…$8MUbg 401(k)- Country Partners CoopUbg 401(k)- Country Partners…$8MPeopleservice, Inc. 401(k) PlanPeopleservice, Inc. 401(k) P…$8MBw Supplies, LLC 401(k) Profit Sharing PlanBw Supplies, LLC 401(k) Prof…$8MNm Management 401(k) Plan$8M
End-of-year total assets ($M) among Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$1M
Employer EIN411644916
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Quality Forklift Sales and Service, Inc.)

Sponsor-wide plan assets over time

All Quality Forklift Sales and Service, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 29.955138731307372% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $6.8M $8.83M ▲ +29.9%
Year Plans Participants Total Assets
2022 1 107 $7M
2023 1 118 $8M
2024 1 119 $9M

Nearby 401(k) Plans in Minnesota

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

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.007891447 · Participants: 118Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Ubg 401(k)- Country Partners Coop in NE ($8M); by covered participants it is Ensign Natural Resources 401(k) Plan in TX (118 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (118 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan grew sharply - up 16.1% during 2023, from $7M to $8M. Reported net income was $1M.
How have Quality Forklift Sales and Service, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Quality Forklift Sales and Service, Inc.'s sponsor-wide assets grew 30.0%, from $7M to $9M.
Which 401(k) plans are similar in size to Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ubg 401(k)- Country Partners Coop in NE ($8M, 300 participants).
Which 401(k) plans cover a similar participant headcount to Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ensign Natural Resources 401(k) Plan in TX (118 participants, N/A 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 411644916.

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.