Profit Sharing · DOL Form 5500 · 2023

Faster Engineering, Inc. Profit Sharing Plan

Data updated 2026-08-25

$161K
Total assets Small plan by assets
1
Participants Small participant base
9th
Percentile by assets National rank
$160,624
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Faster Engineering, Inc. Retirement Plan · Sponsored by Faster Engineering, Inc. · Arizona · Wholesale Trade

$161K in assets, 1 participants

Faster Engineering, Inc.'s Faster Engineering, Inc. Retirement Plan reported $161K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 9th 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.

  • #258 in Wholesale Trade (6,309 peers)

2023 asset change

Faster Engineering, Inc. Retirement Plan contracted severely 60.8% in 2023 ($409K → $161K) for 1 participant.

#258
in Wholesale Trade (6,309 peers)
-60.8%
assets change YoY

The plan reported a net loss of $249K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Faster Engineering, Inc. Retirement Plan among the smaller filed plans by assets

Faster Engineering, Inc. Retirement Plan vs every filed plan by assets

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

$160,624 9th percentile higher than 9% 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

Faster Engineering, Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Faster Engineering, Inc. Retirement Plan is a micro filing (1 participant), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faster Engineering, Inc. Retirement Plan reported net income fell from $409K in the plan year 2022 filing to -$249K in the plan year 2023 filing.
  • Faster Engineering, Inc. Retirement Plan end-of-year assets fell from $409K in the plan year 2022 filing to $161K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 874513041 · Faster Engineering, Inc. PY 2023 · Profit Sharing

Faster Engineering, Inc. Retirement Plan · $161K · 1 · 9th

  • EOY $161K
  • EOY 1
  • EOY 9th
  • EOY Profit Sharing
  • EOY near Marino & Sons Enterprises Inc. Retirement Plan
  • EOY ind #258

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 Wholesale Trade retirement plans → · Plans in Arizona →

Faster Engineering, Inc. Retirement Plan in the asset neighbourhood

Faster Engineering, Inc. Retirement PlanFaster Engineering, Inc. Ret…$161KMarino & Sons Enterprises Inc. Retirement PlanMarino & Sons Enterprises In…$161K5 Rivers Tea Company, Inc. Retirement Plan5 Rivers Tea Company, Inc. R…$161KProfessional Trader Community of Houston, Inc. Profit Sharing PlanProfessional Trader Communit…$161KSalpare, Inc. Profit Sharing PlanSalpare, Inc. Profit Sharing…$161K
End-of-year total assets ($M) among Faster Engineering, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Faster Engineering, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Faster Engineering, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$0.2M$0.4M$0.6M 202220232024 $0.41M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 N/A $409K
2023 1 1 $161K
2024 1 1 N/A

2023 asset-move particulars

Total Assets (Beginning of Year)$409K
Net Assets (End of Year)$161K
Net Income-$249K
Employer EIN874513041
Plan Effective Date2022-01-24
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Arizona

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Faster Engineering, Inc. Retirement Plan vs. nearby Profit Sharing plans in Arizona, assets vs. participants Scatter plot of 6 data points. -5000500100015002000 -200204060 Total assets ($M) Participants Faster Engineering, Inc. Retirement Plan, Total assets ($M): 0.160624 · Participants: 1Faster Engineering, Inc. Retirement PlanKitchell Affiliates Employees' Profit Sharing Plan, Total assets ($M): 54.542696 · Participants: 543Kitchell Affiliates Employees' Profit Sharing PlanFood & Beverage Workers Union Local 23 & Employers Pension Plan, Total assets ($M): 43.771636 · Participants: 1680Food & Beverage Workers Union Local 23 & Employers Pension PlanM R Sheet Metal Mfg Inc Profit Sharing Plan Trust, Total assets ($M): 38.178869 · Participants: 26M R Sheet Metal Mfg Inc Profit Sharing Plan TrustMarana Health Center, Inc. 403b Plan, Total assets ($M): 27.609373 · Participants: 725Marana Health Center, Inc. 403b PlanCenter for Biological Diversity 403(b) DC Plan, Total assets ($M): 25.74938 · Participants: 180Center for Biological Diversity 403(b) DC Plan
Faster Engineering, Inc. Retirement Plan vs. nearby Profit Sharing plans in Arizona, assets vs. participants
Compare Faster Engineering, Inc. Retirement Plan side-by-side with 3 peers →

Faster Engineering, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Arizona, the nearest Profit Sharing by assets is Marino & Sons Enterprises Inc. Retirement Plan in PA ($161K); by covered participants it is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); 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 Faster Engineering, Inc. Retirement Plan assets move in 2023? ▼
Faster Engineering, Inc. Retirement Plan contracted severely - down 60.8% during 2023, from $409K to $161K. Reported net income was -$249K.
Where does Faster Engineering, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Faster Engineering, Inc. Retirement Plan ranks in the 9th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Faster Engineering, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Marino & Sons Enterprises Inc. Retirement Plan in PA ($161K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Faster Engineering, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant, $418K 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 874513041.

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.