401(k) · DOL Form 5500 · 2023

Farragut Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
55
Participants Small participant base
55th
Percentile by assets National rank
$152,507
Avg per participant Above avg balance/head
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Official DOL plan name: Farragut Systems 401(k) Plan · Sponsored by Farragut Systems, Inc. · North Carolina · Professional & Technical Services

$8M in assets, 55 participants

Farragut Systems, Inc.'s Farragut Systems 401(k) Plan reported $8M in total assets and 55 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #10,835 in Professional & Technical Services (20,321 peers)

Farragut Systems, Inc. multi-year trail

Farragut Systems, Inc.'s plans moved +38.0% in assets from 2022 to 2024; this filing shows Farragut Systems 401(k) Plan at $8M / 55 participants.

#10,835
in Professional & Technical Services (20,321 peers)
+13.3%
assets growth YoY

Farragut Systems 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Farragut Systems 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,387,898 Top 45% higher than 55% of 127,068 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 2023

Farragut Systems 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farragut Systems 401(k) Plan is a small filing (55 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farragut Systems 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $987K in the plan year 2023 filing.
  • Farragut Systems 401(k) Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Farragut Systems 401(k) Plan reported participants fell from 63 in the plan year 2022 filing to 55 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 264700241 · Farragut Systems, Inc. PY 2023 · 401(k)

Farragut Systems 401(k) Plan · $8M · 55 · 55th

  • BOOK $8M
  • VS-ST 55
  • BOY 55th
  • SCH 401(k)
  • EBSA near Valiant Artificial Lift Solutions 401(k) Plan
  • PART ind #10835

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 Professional & Technical Services retirement plans → · Plans in North Carolina →

Farragut Systems 401(k) Plan in the asset neighbourhood

Farragut Systems 401(k) Plan$8MValiant Artificial Lift Solutions 401(k) PlanValiant Artificial Lift Solu…$8MSbera 401(k) Plan as Adopted by Monson Savings BankSbera 401(k) Plan as Adopted…$8M401(a) Thrift Plan of Southeastern Michigan Health Association401(a) Thrift Plan of Southe…$8MMesquite Gaming, LLC 401(k) PlanMesquite Gaming, LLC 401(k) …$8M
End-of-year total assets ($M) among Farragut Systems 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Farragut Systems, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Farragut Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$11M 38.045420123700076% vs 2022
2024 filing year
$7M$8M$9M$10M$11M 202220232024 $7.71M $10.7M ▲ +38.1%
Year Plans Participants Total Assets
2022 2 107 $8M
2023 2 107 $9M
2024 2 87 $11M

Farragut Systems, Inc. filing trail (2023)

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$987K
Employer EIN264700241
Plan Effective Date2009-04-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Farragut Systems 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Farragut Systems 401(k) Plan, Total assets ($B): 0.008387898 · Participants: 55Farragut Systems 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Farragut Systems 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Farragut Systems 401(k) Plan side-by-side with 3 peers →

Farragut Systems 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Valiant Artificial Lift Solutions 401(k) Plan in OK ($8M); by covered participants it is Verico Technology LLC 401(k) Plan in NH (55 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (55 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farragut Systems 401(k) Plan assets move in 2023? ▼
Farragut Systems 401(k) Plan grew at a solid clip - up 13.3% during 2023, from $7M to $8M. Reported net income was $987K.
How have Farragut Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farragut Systems, Inc.'s sponsor-wide assets grew 38.0%, from $8M to $11M.
Which 401(k) plans are similar in size to Farragut Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Valiant Artificial Lift Solutions 401(k) Plan in OK ($8M, 121 participants).
Which 401(k) plans cover a similar participant headcount to Farragut Systems 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Verico Technology LLC 401(k) Plan in NH (55 participants, $32M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 264700241.

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.