Quality Dealerships 401(K) Profit Sharing Plan — Form 5500 plan (Quality Dealerships)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Quality Dealerships 401(K) Profit Sharing Plan is a benefit plan reported by Quality Dealerships under EIN 27-1516350 and plan number 001. The latest loaded filing year is 2023. The filing reports 157 participants and $9,922,760 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$9.9MPlan net assets, end of year$9,922,760
Participants157Covered participants reported
Assets / participant$63.2KComputed: assets ÷ participants$63,202 (computed)
Provider compensation$99.5K3 Schedule C provider row(s)$99,546
- Plan sponsor
- Quality Dealerships
- EIN
- 27-1516350
- Plan number
- 001
- Plan type
- 2
- Location
- Albuquerque, NM
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20240528114609NAL0021609874001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$9.9M total assets
Net assets$9.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $9,922,760
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,922,760
- Net assets (BOY)
- $8,212,598
Income & contributions
- Employer contributions
- $77,103
- Participant contributions
- $619,423
- Total contributions
- $696,526
- Total income / additions
- $2,058,277
Expenses & distributions
- Benefits paid
- $282,300
- Administrative expenses
- $64,771
- Total expenses
- $348,115
- Net increase / (decrease)
- $1,710,162
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
89%
Employer 11%Participant 89%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income14%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $64,771 | $0 | 2023 |
| First Heartland Consultants, Inc. | INVESTMENT ADVISORY | $0 | $34,775 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Quality Dealerships
- 2023 Form 5500 filing
- Form 5500 filings in NM
- 401(k) and benefit plan filings in Albuquerque, NM
- Principal Life Insurance Company — Schedule C compensation
- First Heartland Consultants, Inc. — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation