401(k) · DOL Form 5500 · 2024

Qnnect, LLC 401(k) Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
1,183
Participants Near avg headcount
85th
Percentile by assets National rank
$45,765
Avg per participant Low balance/head
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Official DOL plan name: Qnnect 401(k) Plan · Sponsored by Qnnect, LLC · Ohio · Manufacturing

$54M in assets, 1,183 participants

Qnnect, LLC's Qnnect 401(k) Plan reported $54M in total assets and 1,183 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #13,972 in Manufacturing (17,777 peers)

Where Qnnect 401(k) Plan sits by assets

Qnnect 401(k) Plan sits in the top quartile of all filed plans by assets, $54M for 1,183 participants (~$45,765/participant), up 25.0% in 2024.

#13,972
in Manufacturing (17,777 peers)
+25.0%
assets growth YoY
0.5×
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 2024 · DOL Form 5500

$54,140,289 Top 15% higher than 85% 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

Qnnect 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Qnnect 401(k) Plan lands in the large band (1,183 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Qnnect 401(k) Plan reported participants rose from 193 in the plan year 2023 filing to 1,183 in the plan year 2024 filing.
  • Qnnect 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Qnnect 401(k) Plan end-of-year assets rose from $43M in the plan year 2023 filing to $54M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 881581438 · Qnnect, LLC PY 2024 · 401(k)

Qnnect 401(k) Plan · $54M · 1,183 · 85th

  • VS-ST $54M
  • VS-ST 1,183
  • VS-ST 85th
  • VS-ST 401(k)
  • VS-ST near Crest Discount Foods, Inc. 401(k) Profit Sharing Plan
  • VS-ST ind #13972

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 →

Qnnect 401(k) Plan in the asset neighbourhood

Americantcs 401(k) Plan$54MQnnect 401(k) Plan$54MCrest Discount Foods, Inc. 401(k) Profit Sharing PlanCrest Discount Foods, Inc. 4…$54MSuper Radiator Coils 401(k) PlanSuper Radiator Coils 401(k) …$54MPriority-1, Inc. 401(k) and Profit Sharing PlanPriority-1, Inc. 401(k) and …$54M
End-of-year total assets ($M) among Qnnect 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)$43M
Net Assets (End of Year)$54M
Net Income$7M
Employer EIN881581438
Plan Effective Date2022-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Qnnect, LLC)

Sponsor-wide plan assets over time

All Qnnect, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$54M 605.56537457059% vs 2022
2024 filing year
$0M$20M$40M$60M 202220232024 $7.67M $54.1M ▲ +605.9%
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 Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Qnnect 401(k) Plan, Total assets ($B): 0.054140289 · Participants: 1183Qnnect 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Qnnect 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
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 Crest Discount Foods, Inc. 401(k) Profit Sharing Plan in OK ($54M); by covered participants it is Alcom, LLC 401(k) Plan in ME (1,183 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($54M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,183 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 Qnnect 401(k) Plan assets move in 2024? ▼
Qnnect 401(k) Plan grew sharply - up 25.0% during 2024, from $43M to $54M. Reported net income was $7M.
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 85th 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 Qnnect 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Crest Discount Foods, Inc. 401(k) Profit Sharing Plan in OK ($54M, 911 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 Alcom, LLC 401(k) Plan in ME (1,183 participants, $16M 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 881581438.

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.