401(k) · DOL Form 5500 · 2022
Fastenal Company & Subsidiaries 401(k) Plan
Data updated 2026-08-11
- $711M
- Total assets
- 15,900
- Participants
- 98th
- Percentile by assets
- $44,707
- Avg per participant
Official DOL plan name: Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · Sponsored by Fastenal Company & Subsidiaries · Minnesota · Retail Trade
$711M in assets, 15,900 participants
Fastenal Company & Subsidiaries's Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported $711M in total assets and 15,900 participants in its 2022 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 98th percentile by assets (of 139,126 plans)
- #9,425 in Retail Trade (9,519 peers)
Coverage in Minnesota
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan covers 15,900 participants in Minnesota, 14x the typical Minnesota plan (state average ~1,126 per filing). Assets: $711M.
- $711M
- total plan assets (2022 EOY)
- 15,900
- covered participants
- 98th
- percentile by assets (of 139,126 plans)
- $44,707
- avg assets per participant
The plan reported a net loss of $120M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports 15,900 participants - 14x that state average ($711M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $831M |
|---|---|
| Net Assets (End of Year) | $711M |
| Net Income | -$120M |
| Employer EIN | 410948415 |
| Plan Effective Date | 1998-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fastenal Company & Subsidiaries)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 15,900 | $711M |
| 2023 | 1 | 17,362 | $919M |
| 2024 | 1 | 18,036 | $1.1B |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $18.6B · 176,886
- Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan) $12.2B · 38,825
- Target Corporation 401(k) Plan $11.2B · 400,422
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $11.1B · 37,159
- U.S. Bank 401(k) Savings Plan $8.3B · 67,646
Scale composition for Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports $711M in end-of-year assets across 15,900 participants (0.006% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.017% of 93,925,755 covered participants) - about $44,707 per participant (32% of the national average assets-per-participant) . Net income for plan year 2022 was -$120M.
This plan identity (EIN 410948415, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $711M to $1.1B (+49.0%) while covered participants moved from 15,900 to 18,036 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 15,900 | $711M | This page |
| 2023 | 17,362 | $919M | Open filing |
| 2024 · index core | 18,036 | $1.1B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan (401(k), $1.1B, 18,036 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan by total assets, not by location.
- Martin Marietta Savings and Investment Plan (NC) $711M · 8,237
- Mosaic Investment Plan (FL) $709M · 1,937
- Greif 401(k) Retirement Plan (OH) $709M · 6,302
- Mary Kay Inc. Profit Sharing and 401(k) Plan (TX) $713M · 1,843
Frequently Asked Questions
How did Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan assets move in 2022? ▼
How have Fastenal Company & Subsidiaries plan assets changed over time? ▼
Where does Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
Next read for Fastenal Company & Subsidiaries 401(k) a…
Filing takeaways
Ways to act on Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's numbers.
- By total assets, Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Fastenal Company & Subsidiaries's sponsor-wide assets have grown 49.0% since 2022 across 3 plan years on file. More Retail Trade plans