Quality Implement Co. Retirement Savings Plan — Form 5500 plan (Quality Implement Company)
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 Implement Co. Retirement Savings Plan is a benefit plan reported by Quality Implement Company under EIN 75-1672140 and plan number 001. The latest loaded filing year is 2023. The filing reports 118 participants and $813,073 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$813.1KPlan net assets, end of year$813,073
Participants118Covered participants reported
Assets / participant$6.9KComputed: assets ÷ participants$6,890 (computed)
Provider compensation$8K2 Schedule C provider row(s)$8,010
- Plan sponsor
- Quality Implement Company
- EIN
- 75-1672140
- Plan number
- 001
- Plan type
- 2
- Location
- Munday, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 118 | H, C | 20240919144054NAL0012158210001 |
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)$813.1K total assets
Net assets$813.1KLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $813,073
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $813,073
- Net assets (BOY)
- $3,000,623
Income & contributions
- Total contributions
- $0
- Total income / additions
- $287,508
Expenses & distributions
- Benefits paid
- $2,367,410
- Administrative expenses
- $107,648
- Total expenses
- $2,475,058
- Net increase / (decrease)
- -$2,187,550
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.
Total expenses ÷ net assets304%Computed ratio
Benefits paid ÷ total income823%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Tax Favored Benefits, Inc. | THIRD PARTY ADMINISTRATO | $8,010 | $0 | 2023 |
| Ameritas Life Insurance Corp | RECORDKEEPER | $0 | $0 | 2023 |