401(k) · DOL Form 5500 · 2024

Quality Equipment, LLC 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
688
Participants Below avg headcount
81st
Percentile by assets National rank
$57,242
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

$39M in assets, 688 participants

Quality Equipment, LLC's Quality Equipment, LLC 401(k) Plan reported $39M in total assets and 688 participants in its 2024 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.

  • #7,173 in Retail Trade (8,048 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, $39M for 688 participants (~$57,242/participant), up 16.3% in 2024.

#7,173
in Retail Trade (8,048 peers)
+16.3%
assets growth YoY
0.4×
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 2024 · DOL Form 5500

$39,382,655 Top 19% higher than 81% 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

Quality Equipment, LLC 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. Quality Equipment, LLC 401(k) Plan sits mid-pack in the medium band (688 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Quality Equipment, LLC 401(k) Plan reported net income fell from $8M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Quality Equipment, LLC 401(k) Plan end-of-year assets rose from $34M in the plan year 2023 filing to $39M in the plan year 2024 filing.
  • Quality Equipment, LLC 401(k) Plan reported participants rose from 665 in the plan year 2023 filing to 688 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 831687901 · Quality Equipment, LLC PY 2024 · 401(k)

Quality Equipment, LLC 401(k) Plan · $39M · 688 · 81st

  • RANK $39M
  • PHOTO 688
  • IND 81st
  • EOY 401(k)
  • 5500 near Cummings Electrical 401(k) Plan
  • ASSETS ind #7173

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

Revolution 401(k) Plan$39MQuality Equipment, LLC 401(k) PlanQuality Equipment, LLC 401(k…$39MCummings Electrical 401(k) PlanCummings Electrical 401(k) P…$39MH.M. Providers, Inc. 401(k) Profit Sharing PlanH.M. Providers, Inc. 401(k) …$39MValley View Casino 401(k) Plan & TrustValley View Casino 401(k) Pl…$39M
End-of-year total assets ($M) among Quality Equipment, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$39M
Net Income$6M
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 -20020406080 Total assets ($B) Participants Quality Equipment, LLC 401(k) Plan, Total assets ($B): 0.039382655 · Participants: 688Quality Equipment, LLC 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 Cummings Electrical 401(k) Plan in TX ($39M); by covered participants it is Maryland & Virginia Milk Producers Cooperative Association, Inc. 401(k) Retirement Plan in VA (688 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($39M here).

Similar participant headcount

Nearest other-state filings by covered participants (688 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 Quality Equipment, LLC 401(k) Plan assets move in 2024? ▼
Quality Equipment, LLC 401(k) Plan grew sharply - up 16.3% during 2024, from $34M to $39M. Reported net income was $6M.
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 123,622 plans that reported assets for plan year 2024 (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 Cummings Electrical 401(k) Plan in TX ($39M, 693 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 Maryland & Virginia Milk Producers Cooperative Association, Inc. 401(k) Retirement Plan in VA (688 participants, $42M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.