401(k) · DOL Form 5500 · 2023

Forbs, Inc. 401(k) Plan

Data updated 2026-08-25

$553K
Total assets Small plan by assets
8
Participants Small participant base
19th
Percentile by assets National rank
$69,082
Avg per participant Below avg balance/head
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Official DOL plan name: Forbs, Inc. 401(k) Plan · Sponsored by Forbs, Inc. · Minnesota · Food Services & Accommodation

$553K in assets, 8 participants

Forbs, Inc.'s Forbs, Inc. 401(k) Plan reported $553K in total assets and 8 participants in its 2023 DOL Form 5500 filing, ranking in the 19th 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.

  • #1,903 in Food Services & Accommodation (3,828 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Forbs, Inc. 401(k) Plan ranks #1,903 of 3,828 2023 filers by assets (3540% of the sector average)-$553K for 8 participants.

#1,903
in Food Services & Accommodation (3,828 peers)
+0.2%
assets growth YoY

Forbs, Inc. 401(k) Plan among the smaller filed plans by assets

Forbs, Inc. 401(k) Plan vs every filed plan by assets

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

$552,654 19th percentile higher than 19% 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

Forbs, Inc. 401(k) 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. Forbs, Inc. 401(k) Plan is a micro filing (8 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Forbs, Inc. 401(k) Plan reported net income fell from $53K in the plan year 2022 filing to $1K in the plan year 2023 filing.
  • Forbs, Inc. 401(k) Plan reported participants fell from 12 in the plan year 2022 filing to 8 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 462674131 · Forbs, Inc. PY 2023 · 401(k)

Forbs, Inc. 401(k) Plan · $553K · 8 · 19th

  • NET $553K
  • NET 8
  • NET 19th
  • NET 401(k)
  • NET near Summit Digital Solutions, Inc. 401(k) Profit Sharing Plan
  • NET ind #1903

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 Food Services & Accommodation retirement plans → · Plans in Minnesota →

Forbs, Inc. 401(k) Plan in the asset neighbourhood

Forbs, Inc. 401(k) Plan$553KSummit Digital Solutions, Inc. 401(k) Profit Sharing PlanSummit Digital Solutions, In…$553KStromstad Inc. 401(k) Plan$553KFx(Wuvi) Inc 401(k) Plan$552KEast Tennessee Senior Care Inc 401(k) PlanEast Tennessee Senior Care I…$552K
End-of-year total assets ($M) among Forbs, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$551K
Net Assets (End of Year)$553K
Net Income$1K
Employer EIN462674131
Plan Effective Date2013-05-21
Filing StatusFILING RECEIVED

Sponsor Plan History (Forbs, Inc.)

Sponsor-wide plan assets over time

All Forbs, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$575K 4.32914409259014% vs 2022
2024 filing year
$0.54M$0.55M$0.56M$0.57M$0.58M$0.59M 202220232024 $0.55M $0.58M ▲ +5.5%
Year Plans Participants Total Assets
2022 1 12 $551K
2023 1 8 $553K
2024 1 9 $575K

Nearby 401(k) Plans in Minnesota

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

Forbs, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Forbs, Inc. 401(k) Plan, Total assets ($B): 0.000552654 · Participants: 8Forbs, Inc. 401(k) 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
Forbs, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Forbs, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Summit Digital Solutions, Inc. 401(k) Profit Sharing Plan in OK ($553K); by covered participants it is Burke Optometry, Inc. 401(k) Plan in CA (8 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($553K here).

Similar participant headcount

Nearest other-state filings by covered participants (8 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 Forbs, Inc. 401(k) Plan assets move in 2023? ▼
Forbs, Inc. 401(k) Plan held essentially flat - up 0.2% during 2023, from $551K to $553K. Reported net income was $1K.
How have Forbs, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Forbs, Inc.'s sponsor-wide assets grew 4.3%, from $551K to $575K.
Where does Forbs, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Forbs, Inc. 401(k) Plan ranks in the 19th 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 401(k) plans are similar in size to Forbs, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Summit Digital Solutions, Inc. 401(k) Profit Sharing Plan in OK ($553K, 2 participants).
Which 401(k) plans cover a similar participant headcount to Forbs, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Burke Optometry, Inc. 401(k) Plan in CA (8 participants, $263K 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 462674131.

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.