401(k) · DOL Form 5500 · 2023

Fagen, Inc. 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
874
Participants Near avg headcount
77th
Percentile by assets National rank
$30,619
Avg per participant Low balance/head
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Official DOL plan name: Fagen, Inc. 401(k) Plan · Sponsored by Fagen, Inc. · Minnesota · Construction

$27M in assets, 874 participants

Fagen, Inc.'s Fagen, Inc. 401(k) Plan reported $27M in total assets and 874 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #6,869 in Construction (9,030 peers)

Where Fagen, Inc. 401(k) Plan sits by assets

Fagen, Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $27M for 874 participants (~$30,619/participant), up 15.7% in 2023.

#6,869
in Construction (9,030 peers)
+15.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Fagen, Inc. 401(k) Plan's outsized position by total assets

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

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

$26,761,124 Top 23% higher than 77% 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

Fagen, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fagen, Inc. 401(k) Plan sits mid-pack in the medium band (874 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Fagen, Inc. 401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Fagen, Inc. 401(k) Plan end-of-year assets rose from $23M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Fagen, Inc. 401(k) Plan reported participants fell from 1,019 in the plan year 2022 filing to 874 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 411604605 · Fagen, Inc. PY 2023 · 401(k)

Fagen, Inc. 401(k) Plan · $27M · 874 · 77th

  • EBSA $27M
  • PART 874
  • TYPE 77th
  • NET 401(k)
  • BOOK near Hercules Industries, Inc. 401(k) Profit Sharing Plan and Trust
  • VS-ST ind #6869

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 Construction retirement plans → · Plans in Minnesota →

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

Fagen, Inc. 401(k) Plan$27MHercules Industries, Inc. 401(k) Profit Sharing Plan and TrustHercules Industries, Inc. 40…$27MCaqh 401(k) Plan$27MHourigan Construction Corp. 401(k) PlanHourigan Construction Corp. …$27MMoor + South Employees' 401(k) Savings PlanMoor + South Employees' 401(…$27M
End-of-year total assets ($M) among Fagen, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$27M
Net Income$4M
Employer EIN411604605
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fagen, Inc.)

Sponsor-wide plan assets over time

All Fagen, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$29M 27.348909397315474% vs 2022
2024 filing year
$22M$24M$26M$28M$30M$32M 202220232024 $23.1M $29.5M ▲ +27.4%
Year Plans Participants Total Assets
2022 1 1,019 $23M
2023 1 874 $27M
2024 1 906 $29M

Nearby 401(k) Plans in Minnesota

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

Fagen, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Fagen, Inc. 401(k) Plan, Total assets ($B): 0.026761124 · Participants: 874Fagen, 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
Fagen, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Fagen, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Hercules Industries, Inc. 401(k) Profit Sharing Plan and Trust in CO ($27M); by covered participants it is Bollinger Mississippi Shipbuilding LLC 401(k) Profit Sharing Plan in MS (874 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($27M here).

Similar participant headcount

Nearest other-state filings by covered participants (874 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 Fagen, Inc. 401(k) Plan assets move in 2023? ▼
Fagen, Inc. 401(k) Plan grew sharply - up 15.7% during 2023, from $23M to $27M. Reported net income was $4M.
How have Fagen, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fagen, Inc.'s sponsor-wide assets grew 27.3%, from $23M to $29M.
Where does Fagen, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Fagen, Inc. 401(k) Plan ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Fagen, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hercules Industries, Inc. 401(k) Profit Sharing Plan and Trust in CO ($27M, 431 participants).
Which 401(k) plans cover a similar participant headcount to Fagen, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bollinger Mississippi Shipbuilding LLC 401(k) Profit Sharing Plan in MS (874 participants, N/A 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 411604605.

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.