401(k) · DOL Form 5500 · 2023

Qnnect, LLC 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size: 193
Participants Below avg headcount: 84th
Percentile by assets National rank: $224,404
Avg per participant Above avg balance/head

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Official DOL plan name: Qnnect 401(k) Plan · Sponsored by Qnnect, LLC · Ohio · Manufacturing

$43M in assets, 193 participants

Qnnect, LLC's Qnnect 401(k) Plan reported $43M in total assets and 193 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

#14,429 in Manufacturing (18,722 peers)

Coverage in Ohio

Qnnect 401(k) Plan covers 193 participants in Ohio, about 25% of the average Ohio filer (state average ~765 per filing). Assets: $43M.

#14,429
in Manufacturing (18,722 peers): +464.4%
assets growth YoY: 0.4×
vs typical plan assets (national mean)

Qnnect 401(k) Plan's outsized position by total assets

Qnnect 401(k) Plan vs every filed plan by assets

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

$43,310,056 Top 16% higher than 84% of 127,068 filed plans

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

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

Qnnect 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. Qnnect 401(k) Plan sits mid-pack in the medium band (193 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Qnnect 401(k) Plan reported net income rose from $24K in the plan year 2022 filing to $2M in the plan year 2023 filing.
Qnnect 401(k) Plan end-of-year assets rose from $8M in the plan year 2022 filing to $43M in the plan year 2023 filing.
Qnnect 401(k) Plan reported participants rose from 175 in the plan year 2022 filing to 193 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 881581438 · Qnnect, LLC PY 2023 · 401(k)

Qnnect 401(k) Plan · $43M · 193 · 84th

PCT $43M
PCT 193
PCT 84th
PCT 401(k)
PCT near Lbc Investment and Retirement Plan
PCT ind #14429

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 Ohio →

End-of-year total assets ($M) among Qnnect 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)	$8M
Net Assets (End of Year)	$43M
Net Income	$2M
Employer EIN	881581438
Plan Effective Date	2022-12-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Qnnect, LLC)

Latest sponsor-wide plan assets: $54M 605.56537457059% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	175	$8M
2023	1	193	$43M
2024	1	1,183	$54M

Nearby 401(k) Plans in Ohio

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

Qnnect 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants

GE Retirement Savings Plan $19.5B · 59,766
The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
The Progressive 401(k) Plan $9.2B · 56,176
The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
Nationwide Savings Plan $7.6B · 24,715

Compare Qnnect 401(k) Plan side-by-side with 3 peers →

Qnnect 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Lbc Investment and Retirement Plan in TX ($43M); by covered participants it is Kevin, Inc. Profit Sharing Plan in ME (193 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Lbc Investment and Retirement Plan (TX) $43M · 223
West Shore Home, LLC 401(k) Plan (PA) $43M · 2,073
Wacom Technology Corp. Retirement 401(k) Plan (OR) $43M · 165
Adjmi Apparel Group Retirement Program (NY) $43M · 237

Similar participant headcount

Nearest other-state filings by covered participants (193 participants); asset peers above are excluded.

Kevin, Inc. Profit Sharing Plan (ME) 193 · 0 off
Royal Plywood Co., LLC Profit Sharing Plan (CA) 193 · 0 off
Pipes & Shaw LLC 401(k) Plan (NY) 193 · 0 off
Sigvaris, Inc. 401(k) Plan (GA) 193 · 0 off

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 Qnnect 401(k) Plan assets move in 2023? ▼

Qnnect 401(k) Plan surged - up 464.4% during 2023, from $8M to $43M. Reported net income was $2M.

How have Qnnect, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Qnnect, LLC's sponsor-wide assets grew 605.6%, from $8M to $54M.

Where does Qnnect 401(k) Plan rank by assets among Form 5500 filers? ▼

Qnnect 401(k) Plan ranks in the 84th 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 Qnnect 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Lbc Investment and Retirement Plan in TX ($43M, 223 participants).

Which 401(k) plans cover a similar participant headcount to Qnnect 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Kevin, Inc. Profit Sharing Plan in ME (193 participants, $22M 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 881581438.