401(k) · DOL Form 5500 · 2022

Faxon Machining, Inc. 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
135
Participants Small participant base
53rd
Percentile by assets National rank
$42,393
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Faxon Machining, Inc. 401(k) Retirement Plan · Sponsored by Faxon Machining, Inc. · Ohio · Manufacturing

$6M in assets, 135 participants

Faxon Machining, Inc.'s Faxon Machining, Inc. 401(k) Retirement Plan reported $6M in total assets and 135 participants in its 2022 DOL Form 5500 filing, ranking in the 53rd 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.

  • #7,753 in Manufacturing (20,602 peers)

Coverage in Ohio

Faxon Machining, Inc. 401(k) Retirement Plan covers 135 participants in Ohio, about 18% of the average Ohio filer (state average ~765 per filing). Assets: $6M.

#7,753
in Manufacturing (20,602 peers)
-21.4%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Faxon Machining, Inc. 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Faxon Machining, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$5,723,070 Top 47% higher than 53% 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

Faxon Machining, Inc. 401(k) 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. Faxon Machining, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (135 participants).

Plan-year Form 5500 strip

Filing strip 311054769 · Faxon Machining, Inc. PY 2022 · 401(k)

Faxon Machining, Inc. 401(k) Retirement Plan · $6M · 135 · 53rd

  • RANK $6M
  • RANK 135
  • RANK 53rd
  • RANK 401(k)
  • RANK near Johnson-Frank & Associates, Inc. Profit Sharing Plan
  • RANK ind #7753

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 Manufacturing retirement plans → · Plans in Ohio →

Faxon Machining, Inc. 401(k) Retirement Plan in the asset neighbourhood

Faxon Machining, Inc. 401(k) Retirement PlanFaxon Machining, Inc. 401(k)…$6MJohnson-Frank & Associates, Inc. Profit Sharing PlanJohnson-Frank & Associates, …$6MLaurel Capital Corporation Profit Sharing 401(k) Plan & TrustLaurel Capital Corporation P…$6MD2g Group, LLC 401(k) Plan$6MGoodrich, LLC Retirement Plan$6M
End-of-year total assets ($M) among Faxon Machining, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Ohio filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$6M
Net Income-$2M
Employer EIN311054769
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faxon Machining, Inc.)

Sponsor-wide plan assets over time

All Faxon Machining, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 55.96809055279771% vs 2022
2024 filing year
$5M$6M$7M$8M$9M$10M 202220232024 $5.72M $8.93M ▲ +56.1%
Year Plans Participants Total Assets
2022 1 135 $6M
2023 1 122 $8M
2024 1 128 $9M

Nearby 401(k) Plans in Ohio

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

Faxon Machining, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20246810 Total assets ($B) Participants Faxon Machining, Inc. 401(k) Retirement Plan, Total assets ($B): 0.00572307 · Participants: 135Faxon Machining, Inc. 401(k) Retirement PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 8.343834208 · Participants: 44890The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 7.60950811 · Participants: 50299The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 7.311555 · Participants: 116133The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 6.73672335 · Participants: 24278Nationwide Savings PlanMarathon Petroleum Thrift Plan, Total assets ($B): 6.371480588 · Participants: 17666Marathon Petroleum Thrift Plan
Faxon Machining, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Faxon Machining, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Faxon Machining, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Johnson-Frank & Associates, Inc. Profit Sharing Plan in CA ($6M); by covered participants it is Concordia Life Care Community 403(b) Plan in OK (135 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (135 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 Faxon Machining, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Faxon Machining, Inc. 401(k) Retirement Plan declined sharply - down 21.4% during 2022, from $7M to $6M. Reported net income was -$2M.
How have Faxon Machining, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faxon Machining, Inc.'s sponsor-wide assets grew 56.0%, from $6M to $9M.
Which 401(k) plans are similar in size to Faxon Machining, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Johnson-Frank & Associates, Inc. Profit Sharing Plan in CA ($6M, 7 participants).
Which 401(k) plans cover a similar participant headcount to Faxon Machining, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Concordia Life Care Community 403(b) Plan in OK (135 participants, N/A 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 311054769.

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.