Logo

QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameQUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

QTI, LLC has sponsored the creation of one or more 401k plans.

Company Name:QTI, LLC
Employer identification number (EIN):461551229
NAIC Classification:238900

Additional information about QTI, LLC

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division
Incorporation Date: 2010-08-23
Company Identification Number: 603042755
Legal Registered Office Address: 215 CHRISTENSEN RD SE

OTHELLO
United States of America (USA)
99344

More information about QTI, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01GARY BISCHOFF2023-06-27
0012021-01-01GARY BISCHOFF2022-07-19
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01GARY BISCHOFF
0012016-01-01GARY BISCHOFF
0012015-01-01GARY BISCHOFF
0012014-01-01GARY BISCHOFF
0012013-01-01GARY BISCHOFF

Plan Statistics for QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2020: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0130
Total number of active participants reported on line 7a of the Form 55002020-01-0122
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0130
Number of participants with account balances2020-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0128
Total number of active participants reported on line 7a of the Form 55002019-01-0118
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-017
Total of all active and inactive participants2019-01-0126
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0126
Number of participants with account balances2019-01-0122
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0127
Total number of active participants reported on line 7a of the Form 55002018-01-0120
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-017
Total of all active and inactive participants2018-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0128
Number of participants with account balances2018-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0132
Total number of active participants reported on line 7a of the Form 55002017-01-0117
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-019
Total of all active and inactive participants2017-01-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0128
Number of participants with account balances2017-01-0125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-011
2016: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0126
Total number of active participants reported on line 7a of the Form 55002016-01-0118
Number of retired or separated participants receiving benefits2016-01-013
Number of other retired or separated participants entitled to future benefits2016-01-019
Total of all active and inactive participants2016-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0130
Number of participants with account balances2016-01-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0125
Total number of active participants reported on line 7a of the Form 55002015-01-0118
Number of retired or separated participants receiving benefits2015-01-012
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0124
Number of participants with account balances2015-01-0120
2014: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0122
Total number of active participants reported on line 7a of the Form 55002014-01-0119
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0123
Number of participants with account balances2014-01-0123
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0121
Total number of active participants reported on line 7a of the Form 55002013-01-0113
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-014
Total of all active and inactive participants2013-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0118
Number of participants with account balances2013-01-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2020 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total income from all sources2020-12-31$130,116
Expenses. Total of all expenses incurred2020-12-31$139
Benefits paid (including direct rollovers)2020-12-31$139
Total plan assets at end of year2020-12-31$674,353
Total plan assets at beginning of year2020-12-31$544,376
Total contributions received or receivable from participants2020-12-31$40,288
Other income received2020-12-31$71,683
Net income (gross income less expenses)2020-12-31$129,977
Net plan assets at end of year (total assets less liabilities)2020-12-31$674,353
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$544,376
Assets. Value of participant loans2020-12-31$6,645
Total contributions received or receivable from employer(s)2020-12-31$18,145
2019 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources2019-12-31$128,405
Expenses. Total of all expenses incurred2019-12-31$121,728
Benefits paid (including direct rollovers)2019-12-31$121,728
Total plan assets at end of year2019-12-31$544,376
Total plan assets at beginning of year2019-12-31$537,699
Total contributions received or receivable from participants2019-12-31$31,622
Other income received2019-12-31$79,663
Net income (gross income less expenses)2019-12-31$6,677
Net plan assets at end of year (total assets less liabilities)2019-12-31$544,376
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$537,699
Assets. Value of participant loans2019-12-31$11,385
Total contributions received or receivable from employer(s)2019-12-31$17,120
2018 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$40,766
Expenses. Total of all expenses incurred2018-12-31$55,725
Benefits paid (including direct rollovers)2018-12-31$55,725
Total plan assets at end of year2018-12-31$537,699
Total plan assets at beginning of year2018-12-31$552,658
Total contributions received or receivable from participants2018-12-31$33,569
Other income received2018-12-31$-10,813
Net income (gross income less expenses)2018-12-31$-14,959
Net plan assets at end of year (total assets less liabilities)2018-12-31$537,699
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$552,658
Assets. Value of participant loans2018-12-31$15,417
Total contributions received or receivable from employer(s)2018-12-31$18,010
2017 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total income from all sources2017-12-31$109,605
Expenses. Total of all expenses incurred2017-12-31$8,780
Benefits paid (including direct rollovers)2017-12-31$8,284
Total plan assets at end of year2017-12-31$552,658
Total plan assets at beginning of year2017-12-31$451,833
Total contributions received or receivable from participants2017-12-31$33,907
Other income received2017-12-31$57,728
Net income (gross income less expenses)2017-12-31$100,825
Net plan assets at end of year (total assets less liabilities)2017-12-31$552,658
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$451,833
Assets. Value of participant loans2017-12-31$19,572
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$3,980
Total contributions received or receivable from employer(s)2017-12-31$17,970
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$496
2016 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total income from all sources2016-12-31$95,050
Expenses. Total of all expenses incurred2016-12-31$14,996
Benefits paid (including direct rollovers)2016-12-31$14,996
Total plan assets at end of year2016-12-31$451,833
Total plan assets at beginning of year2016-12-31$371,779
Total contributions received or receivable from participants2016-12-31$42,633
Contributions received from other sources (not participants or employers)2016-12-31$12,790
Other income received2016-12-31$19,708
Net income (gross income less expenses)2016-12-31$80,054
Net plan assets at end of year (total assets less liabilities)2016-12-31$451,833
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$371,779
Assets. Value of participant loans2016-12-31$2,834
Total contributions received or receivable from employer(s)2016-12-31$19,919
2015 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources2015-12-31$76,847
Expenses. Total of all expenses incurred2015-12-31$92,468
Benefits paid (including direct rollovers)2015-12-31$92,468
Total plan assets at end of year2015-12-31$371,779
Total plan assets at beginning of year2015-12-31$387,400
Total contributions received or receivable from participants2015-12-31$47,894
Other income received2015-12-31$-5,336
Net income (gross income less expenses)2015-12-31$-15,621
Net plan assets at end of year (total assets less liabilities)2015-12-31$371,779
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$387,400
Assets. Value of participant loans2015-12-31$3,570
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022015-12-31$12,076
Total contributions received or receivable from employer(s)2015-12-31$34,289
2014 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources2014-12-31$93,542
Expenses. Total of all expenses incurred2014-12-31$82,045
Benefits paid (including direct rollovers)2014-12-31$82,045
Total plan assets at end of year2014-12-31$387,400
Total plan assets at beginning of year2014-12-31$375,903
Total contributions received or receivable from participants2014-12-31$50,016
Other income received2014-12-31$9,835
Net income (gross income less expenses)2014-12-31$11,497
Net plan assets at end of year (total assets less liabilities)2014-12-31$387,400
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$375,903
Assets. Value of participant loans2014-12-31$6,471
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$4,941
Total contributions received or receivable from employer(s)2014-12-31$33,691
2013 : QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$256,075
Expenses. Total of all expenses incurred2013-12-31$908,372
Benefits paid (including direct rollovers)2013-12-31$908,372
Total plan assets at end of year2013-12-31$375,903
Total plan assets at beginning of year2013-12-31$1,028,200
Total contributions received or receivable from participants2013-12-31$117,138
Other income received2013-12-31$110,718
Net income (gross income less expenses)2013-12-31$-652,297
Net plan assets at end of year (total assets less liabilities)2013-12-31$375,903
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$1,028,200
Assets. Value of participant loans2013-12-31$16,844
Total contributions received or receivable from employer(s)2013-12-31$28,219

Form 5500 Responses for QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN

2020: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: QUALITY TESTING & INSPECTION, INC. 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered22
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $1,380
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $690
Insurance broker organization code?3
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered22
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $1,350
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $675
Insurance broker organization code?3
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered24
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $1,392
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $696
Insurance broker organization code?3
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered25
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $1,194
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $597
Insurance broker organization code?3
Insurance broker nameRICHARD A BREGGER
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered20
Total amount of commissions paid to insurance brokerUSD $914
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $457
Insurance broker organization code?3
Insurance broker nameBRANDON O PATRICK
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered18
Total amount of commissions paid to insurance brokerUSD $909
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $636
Insurance broker organization code?3
Insurance broker nameBRANDON O PATRICK
AXA EQUITABLE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66944 )
Policy contract number648424
Policy instance 1
Insurance contract or identification number648424
Number of Individuals Covered18
Total amount of commissions paid to insurance brokerUSD $1,800
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,440
Insurance broker organization code?3
Insurance broker nameBRANDON O PATRICK

Potentially related plans

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S1