401(k) · DOL Form 5500 · 2024

On Q Financial, LLC 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
195
Participants Below avg headcount
35th
Percentile by assets National rank
$16,618
Avg per participant Low balance/head
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Official DOL plan name: On Q Financial 401(k) Plan · Sponsored by On Q Financial, LLC · Arizona · Finance & Insurance

$3M in assets, 195 participants

On Q Financial, LLC's On Q Financial 401(k) Plan reported $3M in total assets and 195 participants in its 2024 DOL Form 5500 filing, ranking in the 35th 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.

  • #1,973 in Finance & Insurance (8,549 peers)

Coverage in Arizona

On Q Financial 401(k) Plan covers 195 participants in Arizona, about 35% of the average Arizona filer (state average ~564 per filing). Assets: $3M.

#1,973
in Finance & Insurance (8,549 peers)
-75.8%
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.

On Q Financial 401(k) Plan's mid-pack asset rank among Finance & Insurance and all filers

On Q Financial 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$3,240,557 35th percentile higher than 35% of 123,620 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 2024

On Q Financial 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. On Q Financial 401(k) Plan sits mid-pack in the medium band (195 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • On Q Financial 401(k) Plan reported net income fell from $522K in the plan year 2023 filing to -$10M in the plan year 2024 filing.
  • On Q Financial 401(k) Plan end-of-year assets fell from $13M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • On Q Financial 401(k) Plan reported participants fell from 308 in the plan year 2023 filing to 195 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 510517525 · On Q Financial, LLC PY 2024 · 401(k)

On Q Financial 401(k) Plan · $3M · 195 · 35th

  • EOY $3M
  • 5500 195
  • ASSETS 35th
  • PCT 401(k)
  • EIN near Techno Coatings Inc. 401(k) Plan
  • RANK ind #1973

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 Arizona →

On Q Financial 401(k) Plan in the asset neighbourhood

On Q Financial 401(k) Plan$3MTechno Coatings Inc. 401(k) PlanTechno Coatings Inc. 401(k) …$3MAnco Insurance Managers, Inc. 401(k) PlanAnco Insurance Managers, Inc…$3M403(b) Thrift Plan for Rupco, Inc403(b) Thrift Plan for Rupco…$3MBab, Inc. 401(k) Plan$3M
End-of-year total assets ($M) among On Q Financial 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Arizona filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$3M
Net Income-$10M
Employer EIN510517525
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (On Q Financial, LLC)

Sponsor-wide plan assets over time

All On Q Financial, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$3M 74.8653627755163% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $12.9M $3.24M ▼ -74.9%
Year Plans Participants Total Assets
2022 1 387 $13M
2023 1 308 $13M
2024 1 195 $3M

Nearby 401(k) Plans in Arizona

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

On Q Financial 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants On Q Financial 401(k) Plan, Total assets ($B): 0.003240557 · Participants: 195On Q Financial 401(k) PlanBechtel Trust & Thrift Plan, Total assets ($B): 6.067288511 · Participants: 7971Bechtel Trust & Thrift PlanBanner Health Employees 401(k) Plan, Total assets ($B): 4.918574883 · Participants: 54731Banner Health Employees 401(k) PlanFreeport-Mcmoran Inc. Employee Capital Accumulation Program, Total assets ($B): 2.670667399 · Participants: 13770Freeport-Mcmoran Inc. Employee Capital Accumulation ProgramRepublic Services, Inc. 401(k) Plan, Total assets ($B): 2.666764279 · Participants: 32629Republic Services, Inc. 401(k) PlanStantec 401(k) Plan, Total assets ($B): 2.319061108 · Participants: 11603Stantec 401(k) Plan
On Q Financial 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants

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

Outside Arizona, the nearest 401(k) by assets is Techno Coatings Inc. 401(k) Plan in FL ($3M); by covered participants it is Greenhill & Co., Inc. 401(k) Profit Sharing Plan in NY (195 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3M here).

Similar participant headcount

Nearest other-state filings by covered participants (195 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did On Q Financial 401(k) Plan assets move in 2024?
On Q Financial 401(k) Plan contracted severely - down 75.8% during 2024, from $13M to $3M. Reported net income was -$10M.
How have On Q Financial, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), On Q Financial, LLC's sponsor-wide assets declined 74.9%, from $13M to $3M.
Which 401(k) plans are similar in size to On Q Financial 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Techno Coatings Inc. 401(k) Plan in FL ($3M, 129 participants).
Which 401(k) plans cover a similar participant headcount to On Q Financial 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Greenhill & Co., Inc. 401(k) Profit Sharing Plan in NY (195 participants, N/A in assets).