Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

FAIRBANKS SCALES INC. SAVINGS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

FAIRBANKS SCALES INC.

This Profit Sharing plan holds $42M in total assets and serves 449 participants as of 2023. It is sponsored by FAIRBANKS SCALES INC. in Kansas. The plan reported positive net income of $6M for the year.

Total Assets (2023)
$42M
Participants
449
State
Industry
Manufacturing

What the Filing Says About FAIRBANKS SCALES INC. SAVINGS PLAN

FAIRBANKS SCALES INC. SAVINGS PLAN is a Profit Sharing retirement plan sponsored by FAIRBANKS SCALES INC., headquartered in Kansas. As of the 2023 Form 5500 filing, the plan reports $42M in total end-of-year assets and covers 449 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 431464165, and the plan has been effective since 1998-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $36M at the beginning of 2023 to $42M at year-end — a gain of 17.3%. Net assets (after liabilities) closed the year at $42M, with reported net income of $6M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$36M
Total Assets (End of Year)$42M
Net Assets (End of Year)$42M
Net Income$6M
Plan TypeProfit Sharing
Employer EIN431464165
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (FAIRBANKS SCALES INC.)

Year Plans Participants Total Assets
2022 3 541 $61M
2023 2 463 $46M
2024 2 498 $44M

Nearby Profit Sharing Plans in Kansas

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

Frequently Asked Questions

How much money is in the FAIRBANKS SCALES INC. SAVINGS PLAN?
As of the 2023 Form 5500 filing, FAIRBANKS SCALES INC. SAVINGS PLAN holds $42M in total assets with 449 participants. It is sponsored by FAIRBANKS SCALES INC..
What type of plan is FAIRBANKS SCALES INC. SAVINGS PLAN?
FAIRBANKS SCALES INC. SAVINGS PLAN is a Profit Sharing plan. It has been effective since 1998-01-01. The plan is filed with the U.S. Department of Labor under EIN 431464165.
Who sponsors the FAIRBANKS SCALES INC. SAVINGS PLAN?
FAIRBANKS SCALES INC. SAVINGS PLAN is sponsored by FAIRBANKS SCALES INC., located in Kansas. The sponsor's EIN is 431464165 and the plan operates in the Manufacturing industry.
How did FAIRBANKS SCALES INC. SAVINGS PLAN perform in 2023?
FAIRBANKS SCALES INC. SAVINGS PLAN grew by 17.3% during 2023, moving from $36M to $42M in total assets. Net income was $6M.
Where can I find official filings for FAIRBANKS SCALES INC. SAVINGS PLAN?
Official Form 5500 filings for FAIRBANKS SCALES INC. SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 431464165 or plan name at efast.dol.gov.
How does FAIRBANKS SCALES INC. SAVINGS PLAN compare to other plans?
You can compare FAIRBANKS SCALES INC. SAVINGS PLAN against other Profit Sharing plans on the plan type page, or view plans in Kansas on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 431464165.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.