401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$9M
Total assets Small plan by assets
119
Participants Small participant base
53rd
Percentile by assets National rank
$74,239
Avg per participant Below avg balance/head
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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

$9M in assets, 119 participants

Quality Forklift Sales and Service, Inc.'s Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan reported $9M in total assets and 119 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #5,614 in Other Services (7,719 peers)

Coverage in Minnesota

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan covers 119 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $9M.

#5,614
in Other Services (7,719 peers)
+11.9%
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 2024 · DOL Form 5500

$8,834,440 Top 47% higher than 53% 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (119 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan reported net income fell from $1M in the plan year 2023 filing to $943K in the plan year 2024 filing.
  • Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 411644916 · Quality Forklift Sales and Service, Inc. PY 2024 · 401(k)

Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan · $9M · 119 · 53rd

  • PCT $9M
  • PCT 119
  • PCT 53rd
  • PCT 401(k)
  • PCT near T & K Asphalt Services, Inc. 401(k) Plan
  • PCT ind #5614

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

The Neighborhood Center, Inc. 401(k) Profit Sharing PlanThe Neighborhood Center, Inc…$9MDuncan Family Farms, LLC 401(k) Plan and TrustDuncan Family Farms, LLC 401…$9MQuality Forklift Sales and Service, Inc. 401(k) Profit Sharing PlanQuality Forklift Sales and S…$9MT & K Asphalt Services, Inc. 401(k) PlanT & K Asphalt Services, Inc.…$9MSail Biomedicines, Inc. 401(k) PlanSail Biomedicines, Inc. 401(…$9M
End-of-year total assets ($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 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$943K
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 -20020406080 Total assets ($B) Participants Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.00883444 · Participants: 119Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 T & K Asphalt Services, Inc. 401(k) Plan in MA ($9M); by covered participants it is Culy Contracting LLC Retirement Savings Plan in IN (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 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 Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan assets move in 2024? ▼
Quality Forklift Sales and Service, Inc. 401(k) Profit Sharing Plan grew at a solid clip - up 11.9% during 2024, from $8M to $9M. Reported net income was $943K.
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 T & K Asphalt Services, Inc. 401(k) Plan in MA ($9M, 118 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 Culy Contracting LLC Retirement Savings Plan in IN (119 participants, N/A 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 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.