Plan Ledger DOL Form 5500 · updated monthly

Quality Bicycle Products, Gbc401(k)

QUALITY BICYCLE PRODUCTS, INC. 401(K) PLAN · BLOOMINGTON, MN · plan year 2022

Employer contribution per participant · 2022
$976

Quality Bicycle Products, Gbc's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $64,760,494 across 1,124 participant accounts, with employer contributions averaging $976 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other wholesale trade employers. By assets it is the 405th-largest of 1,918 plans among Minnesota employers on file, and the 641st of 4,246 in wholesale trade. In 2022, employees put in $5.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$64,760,494
Participants with balances1,124
Active participants953
Employer contributions$929,782
Employee contributions$5,181,427
Employer contribution per active participant$976
Average account balance$57,616
Benefits paid to participants$5,345,494
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Investment management$18,054
Total administrative-$42,075
The Quality Bicycle Products, Gbc 401(k) match · 2022
Employer contribution per active participant$976
Median for plans this size$3,449

Quality Bicycle Products, Gbc's 2022 employer contribution ran below the $3,449 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Same employer
Similar plansWholesale Trade · Minnesota
Lifecore Biomedical Inc. MN$81.7M · 0.08%
Goodin Company MN$74.3M · 0.06%
Sps Companies, Inc. MN$73.4M · 0.00%
Productivity, Inc. MN$58.3M · 0.29%
Nott Company MN$54.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411511557 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.