401(k) · DOL Form 5500 · 2022
Fai Wealth Management 401(k) Plan
Data updated 2026-08-25
- $4M
- Total assets Small plan by assets
- 9
- Participants Small participant base
- 44th
- Percentile by assets National rank
- $402,932
- Avg per participant High balance/head
Official DOL plan name: Financial Advantage, Inc. 401(k) Profit Sharing Plan · Sponsored by Fai Wealth Management · Maryland · Finance & Insurance
$4M in assets, 9 participants
Fai Wealth Management's Financial Advantage, Inc. 401(k) Profit Sharing Plan reported $4M in total assets and 9 participants in its 2022 DOL Form 5500 filing, ranking in the 44th 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.
- #2,782 in Finance & Insurance (9,261 peers)
What the 2022 filing shows
Financial Advantage, Inc. 401(k) Profit Sharing Plan holds $4M for 9 participants - about $402,932 per participant, in the lower half of filed plans by assets.
- #2,782
- in Finance & Insurance (9,261 peers)
- -6.2%
- assets change YoY
The plan reported a net loss of $239K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Financial Advantage, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers
Financial Advantage, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,626,385 44th percentile higher than 44% 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
Financial Advantage, Inc. 401(k) Profit Sharing Plan among micro filed plans by headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Financial Advantage, Inc. 401(k) Profit Sharing Plan is a micro filing (9 participants), the leftmost band.
DOL schedule card
Filing strip 521534205 · Fai Wealth Management PY 2022 · 401(k)
Financial Advantage, Inc. 401(k) Profit Sharing Plan · $4M · 9 · 44th
- PART $4M
- PART 9
- PART 44th
- PART 401(k)
- PART near Riverside Investors Corp. 401(k) Profit Sharing Plan and Trust
- PART ind #2782
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 Finance & Insurance retirement plans → · Plans in Maryland →
Financial Advantage, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood
Filing particulars (2022)
| Total Assets (Beginning of Year) | $4M |
|---|---|
| Net Assets (End of Year) | $4M |
| Net Income | -$239K |
| Employer EIN | 521534205 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in Maryland
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Lockheed Martin Corporation Salaried Savings Plan $43.6B · 87,666
- Marriott Retirement Savings Plan $8.3B · 82,576
- T. Rowe Price U.S. Retirement Program $3.7B · 6,107
- Nfl Player Second Career Savings Plan $3.3B · 2,819
- Sodexo 401 (K) Employees' Retirement Savings Plan and Trust $1.9B · 74,729
Financial Advantage, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount
Outside Maryland, the nearest 401(k) by assets is Riverside Investors Corp. 401(k) Profit Sharing Plan and Trust in FL ($4M); by covered participants it is Eye Consultants of Texas, P.a. Profit-Sharing 401(k) Plan in TX (9 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4M here).
Similar participant headcount
Nearest other-state filings by covered participants (9 participants); asset peers above are excluded.
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.