401(k) · DOL Form 5500 · 2022

Financial Independence Group, LLC 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
149
Participants Small participant base
71st
Percentile by assets National rank
$92,821
Avg per participant Below avg balance/head
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Official DOL plan name: Financial Independence Corporation Retirement Plan · Sponsored by Financial Independence Group, LLC · North Carolina · Finance & Insurance

$14M in assets, 149 participants

Financial Independence Group, LLC's Financial Independence Corporation Retirement Plan reported $14M in total assets and 149 participants in its 2022 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,143 in Finance & Insurance (9,261 peers)

Coverage in North Carolina

Financial Independence Corporation Retirement Plan covers 149 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $14M.

#5,143
in Finance & Insurance (9,261 peers)
-8.7%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Financial Independence Corporation Retirement Plan's outsized position by total assets

Financial Independence Corporation Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$13,830,286 Top 29% higher than 71% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Financial Independence Corporation Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Financial Independence Corporation Retirement Plan sits mid-pack in the medium band (149 participants).

DOL schedule card

Filing strip 561346906 · Financial Independence Group, LLC PY 2022 · 401(k)

Financial Independence Corporation Retirement Plan · $14M · 149 · 71st

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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 North Carolina →

Financial Independence Corporation Retirement Plan in the asset neighbourhood

Financial Independence Corporation Retirement PlanFinancial Independence Corpo…$14MSeverson Group 401(k) Plan$14MSiegel Brill PA 401(k) Profit Sharing Plan & TrustSiegel Brill PA 401(k) Profi…$14MThe Restated Thrift/Profit Sharing Plan for CooperativesThe Restated Thrift/Profit S…$14MInnovation Associates 401(k)$14M
End-of-year total assets ($M) among Financial Independence Corporation Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$14M
Net Income-$1M
Employer EIN561346906
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Financial Independence Group, LLC)

Sponsor-wide plan assets over time

All Financial Independence Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$19M 39.3427366577958% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $13.8M $19.3M ▲ +39.3%
Year Plans Participants Total Assets
2022 1 149 $14M
2023 1 150 $16M
2024 1 178 $19M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Financial Independence Corporation Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Financial Independence Corporation Retirement Plan, Total assets ($B): 0.013830286 · Participants: 149Financial Independence Corporation Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Financial Independence Corporation Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Financial Independence Corporation Retirement Plan side-by-side with 3 peers →

Financial Independence Corporation Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Severson Group 401(k) Plan in CA ($14M); by covered participants it is Club Med Sales and Management Employee Retirement Plan in FL (149 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (149 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.

Frequently Asked Questions

How did Financial Independence Corporation Retirement Plan assets move in 2022? ▼
Financial Independence Corporation Retirement Plan pulled back noticeably - down 8.7% during 2022, from $15M to $14M. Reported net income was -$1M.
How have Financial Independence Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Financial Independence Group, LLC's sponsor-wide assets grew 39.3%, from $14M to $19M.
Which 401(k) plans are similar in size to Financial Independence Corporation Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Severson Group 401(k) Plan in CA ($14M, 162 participants).
Which 401(k) plans cover a similar participant headcount to Financial Independence Corporation Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Club Med Sales and Management Employee Retirement Plan in FL (149 participants, $11M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561346906.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.