401(k) · DOL Form 5500 · 2023
Fastenal Company & Subsidiaries 401(k) Plan
Data updated 2026-08-11
- $919M
- Total assets
- 17,362
- Participants
- 98th
- Percentile by assets
- $52,954
- Avg per participant
Official DOL plan name: Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · Sponsored by Fastenal Company & Subsidiaries · Minnesota · Retail Trade
$919M in assets, 17,362 participants
Fastenal Company & Subsidiaries's Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported $919M in total assets and 17,362 participants in its 2023 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.
- 98th percentile by assets (of 127,072 plans)
- #8,333 in Retail Trade (8,414 peers)
Coverage in Minnesota
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan covers 17,362 participants in Minnesota, 15x the typical Minnesota plan (state average ~1,126 per filing). Assets: $919M.
- $919M
- total plan assets (2023 EOY)
- 17,362
- covered participants
- 98th
- percentile by assets (of 127,072 plans)
- $52,954
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported net income rose from -$120M in the plan year 2022 filing to $209M in the plan year 2023 filing.
- Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan end-of-year assets rose from $711M in the plan year 2022 filing to $919M in the plan year 2023 filing.
- Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported participants rose from 15,900 in the plan year 2022 filing to 17,362 in the plan year 2023 filing.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports 17,362 participants - 15x that state average ($919M EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $711M |
|---|---|
| Net Assets (End of Year) | $919M |
| Net Income | $209M |
| Employer EIN | 410948415 |
| Plan Effective Date | 1998-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fastenal Company & Subsidiaries)
| 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.
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
- Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
- Target Corporation 401(k) Plan $13.0B · 432,617
- Medtronic Savings and Investment Plan $12.9B · 44,342
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
- U.S. Bank 401(k) Savings Plan $10.3B · 75,272
Scale composition for Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports $919M in end-of-year assets across 17,362 participants (0.007% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.018% of 93,925,755 covered participants) - about $52,954 per participant (38% of the national average assets-per-participant) . Net income for plan year 2023 was $209M.
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 | Open filing |
| 2023 | 17,362 | $919M | This page |
| 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan by total assets, not by location.
- World Wide Technology, LLC Employee Salary Deferral Retirement Program (MO) $920M · 7,436
- The Carefirst 401(k) Plan (MD) $920M · 5,822
- Lg&e and Ku Savings Plan (KY) $919M · 3,118
- Mizuho Americas 401(k) Plan (NY) $920M · 2,512
Frequently Asked Questions
How did Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan assets move in 2023? ▼
How have Fastenal Company & Subsidiaries plan assets changed over time? ▼
Where does Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's numbers.
- By total assets, Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Fastenal Company & Subsidiaries's sponsor-wide assets have grown 49.0% since 2022 across 3 plan years on file. More Retail Trade plans