401(k) · DOL Form 5500 · 2023

Fastenal Company & Subsidiaries 401(k) Plan

Data updated 2026-08-25

$919M
Total assets Above avg plan size
17,362
Participants Very large workforce
98th
Percentile by assets National rank
$52,954
Avg per participant Low balance/head
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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.

  • #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.

#8,333
in Retail Trade (8,414 peers)
+29.3%
assets growth YoY
9.2×
vs typical plan assets (national mean)

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's outsized position by total assets

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs every filed plan by assets

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

$919,395,877 Top 2% higher than 98% 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

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan is a mega filing (17,362 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410948415 · Fastenal Company & Subsidiaries PY 2023 · 401(k)

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · $919M · 17,362 · 98th

  • TYPE $919M
  • NET 17,362
  • BOOK 98th
  • VS-ST 401(k)
  • BOY near World Wide Technology, LLC Employee Salary Deferral Retirement Program
  • SCH ind #8333

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 Retail Trade retirement plans → · Plans in Minnesota →

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan in the asset neighbourhood

Mizuho Americas 401(k) Plan$920MThe Carefirst 401(k) Plan$920MWorld Wide Technology, LLC Employee Salary Deferral Retirement ProgramWorld Wide Technology, LLC E…$920MFastenal Company & Subsidiaries 401(k) and Employee Stock Ownership PlanFastenal Company & Subsidiar…$919MLg&e and Ku Savings Plan$919M
End-of-year total assets ($M) among Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$711M
Net Assets (End of Year)$919M
Net Income$209M
Employer EIN410948415
Plan Effective Date1998-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fastenal Company & Subsidiaries)

Sponsor-wide plan assets over time

All Fastenal Company & Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 48.952409463846244% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B 202220232024 $0.71B $1.06B ▲ +49.3%
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 Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan, Total assets ($B): 0.919395877 · Participants: 17362Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is World Wide Technology, LLC Employee Salary Deferral Retirement Program in MO ($920M); by covered participants it is Turner Industries 401(k) Plan in LA (17,371 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($919M here).

Similar participant headcount

Nearest other-state filings by covered participants (17,362 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 Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan assets move in 2023? ▼
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan grew sharply - up 29.3% during 2023, from $711M to $919M. Reported net income was $209M.
How have Fastenal Company & Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fastenal Company & Subsidiaries's sponsor-wide assets grew 49.0%, from $711M to $1.1B.
Where does Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is World Wide Technology, LLC Employee Salary Deferral Retirement Program in MO ($920M, 7,436 participants).
Which 401(k) plans cover a similar participant headcount to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Turner Industries 401(k) Plan in LA (17,371 participants, $487M 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 410948415.

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.