Quality Tool And Stamping Co. , Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Quality Tool And Stamping Co., Inc.)

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 Tool And Stamping Co. , Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Quality Tool And Stamping Co., Inc. under EIN 38-1871914 and plan number 001. The latest loaded filing year is 2023. The filing reports 141 participants and $10,781,492 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$10.8MPlan net assets, end of year$10,781,492
Participants141Covered participants reported
Assets / participant$76.5KComputed: assets ÷ participants$76,464 (computed)
Provider compensation$80.2K3 Schedule C provider row(s)$80,195
Plan sponsor
Quality Tool And Stamping Co., Inc.
EIN
38-1871914
Plan number
001
Plan type
2
Location
Muskegon Heights, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023141H, C20240927130521NAL0001271395001
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)$10.8M total assets
Net assets$10.8MLiabilities$0
Money in vs. money out
Total income / additions$2.2M
Total expenses$835.3K
Benefits paid / distributions$783.6K
Contributions
Employer$135.2K
Participant$663.7K
Full reported line items

Net assets

Total assets (EOY)
$10,781,492
Total liabilities (EOY)
$0
Net assets (EOY)
$10,781,492
Net assets (BOY)
$9,449,392

Income & contributions

Employer contributions
$135,241
Participant contributions
$663,708
Total contributions
$798,949
Total income / additions
$2,167,426

Expenses & distributions

Benefits paid
$783,602
Administrative expenses
$51,724
Total expenses
$835,326
Net increase / (decrease)
$1,332,100
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.

Contribution share (employer vs. participant)
Employer 17%Participant 83%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life InsuranceCONTRACT ADMIN$51,394$02023
Ubs Financial Services IncINVEST ADV$0$24,2162023
Sheakley WorkforceCONTRACT ADMINISTRATOR$425$4,1602023

Related Form 5500 pages