401(k) · DOL Form 5500 · 2023

Financial Independence Group, LLC 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
150
Participants Small participant base
69th
Percentile by assets National rank
$109,265
Avg per participant Below avg balance/head
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Official DOL plan name: Financial Independence Corporation Retirement Plan · Sponsored by Financial Independence Group, LLC · North Carolina · Finance & Insurance

$16M in assets, 150 participants

Financial Independence Group, LLC's Financial Independence Corporation Retirement Plan reported $16M in total assets and 150 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,837 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

Financial Independence Corporation Retirement Plan covers 150 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $16M.

#4,837
in Finance & Insurance (8,869 peers)
+18.5%
assets growth YoY

Financial Independence Corporation Retirement Plan's outsized position by total assets

Financial Independence Corporation Retirement Plan vs every filed plan by assets

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

$16,389,688 Top 31% higher than 69% 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

Financial Independence Corporation Retirement 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. Financial Independence Corporation Retirement Plan sits mid-pack in the medium band (150 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Financial Independence Corporation Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Financial Independence Corporation Retirement Plan end-of-year assets rose from $14M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561346906 · Financial Independence Group, LLC PY 2023 · 401(k)

Financial Independence Corporation Retirement Plan · $16M · 150 · 69th

  • NET $16M
  • NET 150
  • NET 69th
  • NET 401(k)
  • NET near Cone Distributing, Inc. 401(k) Plan
  • NET ind #4837

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 Finance & Insurance retirement plans → · Plans in North Carolina →

Financial Independence Corporation Retirement Plan in the asset neighbourhood

Financial Independence Corporation Retirement PlanFinancial Independence Corpo…$16MCone Distributing, Inc. 401(k) PlanCone Distributing, Inc. 401(…$16MThe Deferred Salary Profit Sharing Plan for the Employees OThe Deferred Salary Profit S…$16MRrmm Architects, P. C. 401(k) PlanRrmm Architects, P. C. 401(k…$16MJ & D Tube Benders Inc. Profit Sharing PlanJ & D Tube Benders Inc. Prof…$16M
End-of-year total assets ($M) among Financial Independence Corporation Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$3M
Employer EIN561346906
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Financial Independence Group, LLC)

Sponsor-wide plan assets over time

All Financial Independence Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$19M 39.3427366577958% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $13.8M $19.3M ▲ +39.3%
Year Plans Participants Total Assets
2022 1 149 $14M
2023 1 150 $16M
2024 1 178 $19M

Nearby 401(k) Plans in North Carolina

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

Financial Independence Corporation Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Financial Independence Corporation Retirement Plan, Total assets ($B): 0.016389688 · Participants: 150Financial Independence Corporation Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Financial Independence Corporation Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Financial Independence Corporation Retirement Plan side-by-side with 3 peers →

Financial Independence Corporation Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Cone Distributing, Inc. 401(k) Plan in FL ($16M); by covered participants it is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (150 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (150 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 Financial Independence Corporation Retirement Plan assets move in 2023? ▼
Financial Independence Corporation Retirement Plan grew sharply - up 18.5% during 2023, from $14M to $16M. Reported net income was $3M.
How have Financial Independence Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Financial Independence Group, LLC's sponsor-wide assets grew 39.3%, from $14M to $19M.
Which 401(k) plans are similar in size to Financial Independence Corporation Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cone Distributing, Inc. 401(k) Plan in FL ($16M, 314 participants).
Which 401(k) plans cover a similar participant headcount to Financial Independence Corporation Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (150 participants, $867K 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 561346906.

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.