401(k) · DOL Form 5500 · 2023

Faro Technologies, Inc. 401(k) Plan

Data updated 2026-08-25

$65M
Total assets Below avg plan size: 474
Participants Below avg headcount: 88th
Percentile by assets National rank: $136,644
Avg per participant Near avg balance/head

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Official DOL plan name: Faro 401(k) Plan · Sponsored by Faro Technologies, Inc. · Florida · Manufacturing

$65M in assets, 474 participants

Faro Technologies, Inc.'s Faro 401(k) Plan reported $65M in total assets and 474 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

#15,403 in Manufacturing (18,722 peers)

Where Faro 401(k) Plan sits by assets

Faro 401(k) Plan sits in the top quartile of all filed plans by assets, $65M for 474 participants (~$136,644/participant), up 10.4% in 2023.

#15,403
in Manufacturing (18,722 peers): +10.4%
assets growth YoY: 0.6×
vs typical plan assets (national mean)

Faro 401(k) Plan's outsized position by total assets

Faro 401(k) Plan vs every filed plan by assets

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

$64,769,444 Top 12% higher than 88% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Faro 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. Faro 401(k) Plan sits mid-pack in the medium band (474 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Faro 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $6M in the plan year 2023 filing.
Faro 401(k) Plan end-of-year assets rose from $59M in the plan year 2022 filing to $65M in the plan year 2023 filing.
Faro 401(k) Plan reported participants fell from 491 in the plan year 2022 filing to 474 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 593157093 · Faro Technologies, Inc. PY 2023 · 401(k)

Faro 401(k) Plan · $65M · 474 · 88th

RANK $65M
RANK 474
RANK 88th
RANK 401(k)
RANK near Lifespace Communities 403(b) Plan
RANK ind #15403

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 Manufacturing retirement plans → · Plans in Florida →

End-of-year total assets ($M) among Faro 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)	$59M
Net Assets (End of Year)	$65M
Net Income	$6M
Employer EIN	593157093
Plan Effective Date	1996-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Faro Technologies, Inc.)

Latest sponsor-wide plan assets: $74M 26.688509942314802% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	491	$59M
2023	1	474	$65M
2024	1	402	$74M

Nearby 401(k) Plans in Florida

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

Faro 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants

L3harris Retirement Savings Plan $15.4B · 40,665
Savings Plan for Employees and Partners of Pwc $11.3B · 50,817
Adp Totalsource Retirement Savings Plan $8.0B · 308,867
Trinet 401(k) Plan $7.0B · 157,945
Publix Super Markets, Inc. 401(k) Smart Plan $6.6B · 184,674

Compare Faro 401(k) Plan side-by-side with 3 peers →

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

Outside Florida, the nearest 401(k) by assets is Lifespace Communities 403(b) Plan in TX ($65M); by covered participants it is Ridgeview Operations 401(k) Plan in NY (474 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($65M here).

Lifespace Communities 403(b) Plan (TX) $65M · 4,244
Shore United Bank 401(k) Plan (MD) $65M · 665
Simpson Housing 401(k) Retirement Plan (CO) $65M · 603
Sihf Healthcare Savings and Investment Plan (IL) $65M · 869

Similar participant headcount

Nearest other-state filings by covered participants (474 participants); asset peers above are excluded.

Ridgeview Operations 401(k) Plan (NY) 474 · 0 off
Strive Health, LLC 401(k) Plan (CO) 474 · 0 off
H&h Automotive Profit Sharing Plan (NE) 474 · 0 off
Helfman Enterprises, Inc. 401(k) Profit Sharing Plan & Trust (TX) 474 · 0 off

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 Faro 401(k) Plan assets move in 2023? ▼

Faro 401(k) Plan grew at a solid clip - up 10.4% during 2023, from $59M to $65M. Reported net income was $6M.

How have Faro Technologies, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Faro Technologies, Inc.'s sponsor-wide assets grew 26.7%, from $59M to $74M.

Where does Faro 401(k) Plan rank by assets among Form 5500 filers? ▼

Faro 401(k) Plan ranks in the 88th 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 Faro 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Lifespace Communities 403(b) Plan in TX ($65M, 4,244 participants).

Which 401(k) plans cover a similar participant headcount to Faro 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Ridgeview Operations 401(k) Plan in NY (474 participants, $148K 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 593157093.