401(k) · DOL Form 5500 · 2022
Fastenal Company & Subsidiaries 401(k) Plan
Data updated 2026-08-25
- $711M
- Total assets Above avg plan size
- 15,900
- Participants Very large workforce
- 98th
- Percentile by assets National rank
- $44,707
- Avg per participant Low balance/head
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.
- #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.
- #9,425
- in Retail Trade (9,519 peers)
- -14.4%
- assets change YoY
- 7.1×
- vs typical plan assets (national mean)
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.
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's outsized position by total assets
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$710,838,514 Top 2% higher than 98% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan is a mega filing (15,900 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 410948415 · Fastenal Company & Subsidiaries PY 2022 · 401(k)
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · $711M · 15,900 · 98th
- BOY $711M
- SCH 15,900
- EBSA 98th
- PART 401(k)
- TYPE near Martin Marietta Savings and Investment Plan
- NET ind #9425
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Minnesota →
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Fastenal Company & Subsidiaries plans reported in each filing year
- Latest sponsor-wide plan assets
- $1.1B 48.952409463846244% vs 2022
- 2024 filing year
| 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.
- 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)
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is Martin Marietta Savings and Investment Plan in NC ($711M); by covered participants it is Aon Pooled Employer Plan in IL (15,916 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($711M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (15,900 participants); asset peers above are excluded.
- Aon Pooled Employer Plan (IL) 15,916 · 16 off
- Sephora Retirement Plan (CA) 15,872 · 28 off
- Universal Orlando 401(k) Retirement Plan (FL) 15,871 · 29 off
- Lockheed Martin Corporation Hourly Employee Savings Plan Plus (MD) 15,941 · 41 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.