Qualitor, Inc. 401(k) & Profit Sharing Plan
Qualitor, Inc., Lima OH. Employer ID 383464466, plan number 001. Annual reports on file for 2009 to 2023.
Where the money went
Plans that moved money into this one:
- 2016: money from Mis II, LLC 401(k) and Retirement Plan moved in.
- Filed 2009-2023Qualitor, Inc. 401(k) & Profit Sharing Plan, Qualitor, Inc.
- EndedQualitor, Inc. 401(k) & Profit Sharing Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.
Records are kept by Fidelity Investments Institutional, per the 2022 filing.
Left in 2020, 2021? You may be owed employer money
- In plan year 2020, active participants fell from 243 to 192 (21%), and 38 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. A 2021 law (Consolidated Appropriations Act, section 209) can excuse a drop between March 2020 and March 2021 if the plan had rehired enough people by March 31, 2021. Filing
- In plan year 2021, active participants fell from 192 to 146 (24%), and 15 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. A 2021 law (Consolidated Appropriations Act, section 209) can excuse a drop between March 2020 and March 2021 if the plan had rehired enough people by March 31, 2021. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2010: At least 25% of plan assets were transferred to another plan this year (merger or spin-off).
- 2022: At least 25% of plan assets were transferred to another plan this year (merger or spin-off).
- 2023: Final return: the plan reported that it ended (merged, transferred, or distributed all assets).
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2012 | 391 | 73 | Filing |
| 2013 | 291 | 97 | Filing |
| 2014 | 287 | 83 | Filing |
| 2015 | 150 | 58 | Filing |
| 2016 | 254 | 69 | Filing |
| 2017 | 251 | 65 | Filing |
| 2018 | 289 | 66 | Filing |
| 2019 | 317 | 68 | Filing |
| 2020 | 275 | 80 | Filing |
| 2021 | 241 | 89 | Filing |
| 2022 | 78 | 49 | Filing |
| 2023 | 0 | 0 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.