401(k) · DOL Form 5500 · 2023

Forward Air Corporation 401(k) Plan

Data updated 2026-08-25

$126M
Total assets Near avg plan size
4,238
Participants Above avg headcount
93rd
Percentile by assets National rank
$29,750
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Forward Air Corporation 401(k) Plan · Sponsored by Forward Air Corporation · Tennessee · Transportation & Warehousing

$126M in assets, 4,238 participants

Forward Air Corporation's Forward Air Corporation 401(k) Plan reported $126M in total assets and 4,238 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #3,048 in Transportation & Warehousing (3,362 peers)

Coverage in Tennessee

Forward Air Corporation 401(k) Plan covers 4,238 participants in Tennessee, 3.8x the typical Tennessee plan (state average ~1,126 per filing). Assets: $126M.

#3,048
in Transportation & Warehousing (3,362 peers)
+19.9%
assets growth YoY
1.3×
vs typical plan assets (national mean)

Forward Air Corporation 401(k) Plan's outsized position by total assets

Forward Air Corporation 401(k) Plan vs every filed plan by assets

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

$126,078,515 Top 7% higher than 93% 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

Forward Air Corporation 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Forward Air Corporation 401(k) Plan lands in the large band (4,238 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Forward Air Corporation 401(k) Plan reported net income rose from -$15M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Forward Air Corporation 401(k) Plan end-of-year assets rose from $105M in the plan year 2022 filing to $126M in the plan year 2023 filing.
  • Forward Air Corporation 401(k) Plan reported participants rose from 3,966 in the plan year 2022 filing to 4,238 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 621120025 · Forward Air Corporation PY 2023 · 401(k)

Forward Air Corporation 401(k) Plan · $126M · 4,238 · 93rd

  • NET $126M
  • NET 4,238
  • NET 93rd
  • NET 401(k)
  • NET near Numotion 401(k) Retirement Plan
  • NET ind #3048

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 Transportation & Warehousing retirement plans → · Plans in Tennessee →

Forward Air Corporation 401(k) Plan in the asset neighbourhood

Inteva Products, LLC Salaried Employees' Savings and Retirement PlanInteva Products, LLC Salarie…$126MForward Air Corporation 401(k) PlanForward Air Corporation 401(…$126MNumotion 401(k) Retirement PlanNumotion 401(k) Retirement P…$126MA. W. Chesterton Company 401(k) PlanA. W. Chesterton Company 401…$126MGenedx Holdings Corp. 401(k) PlanGenedx Holdings Corp. 401(k)…$126M
End-of-year total assets ($M) among Forward Air Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$105M
Net Assets (End of Year)$126M
Net Income$21M
Employer EIN621120025
Plan Effective Date1994-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Forward Air Corporation)

Sponsor-wide plan assets over time

All Forward Air Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$129M 22.239208386411928% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $105M $129M ▲ +22.2%
Year Plans Participants Total Assets
2022 1 3,966 $105M
2023 1 4,238 $126M
2024 1 4,424 $129M

Nearby 401(k) Plans in Tennessee

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

Forward Air Corporation 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Forward Air Corporation 401(k) Plan, Total assets ($B): 0.126078515 · Participants: 4238Forward Air Corporation 401(k) PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Forward Air Corporation 401(k) Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Forward Air Corporation 401(k) Plan side-by-side with 3 peers →

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

Outside Tennessee, the nearest 401(k) by assets is Numotion 401(k) Retirement Plan in CT ($126M); by covered participants it is Radial Retirement Savings Plan in PA (4,238 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($126M here).

Similar participant headcount

Nearest other-state filings by covered participants (4,238 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 Forward Air Corporation 401(k) Plan assets move in 2023? ▼
Forward Air Corporation 401(k) Plan grew sharply - up 19.9% during 2023, from $105M to $126M. Reported net income was $21M.
How have Forward Air Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Forward Air Corporation's sponsor-wide assets grew 22.2%, from $105M to $129M.
Where does Forward Air Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Forward Air Corporation 401(k) Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Forward Air Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Numotion 401(k) Retirement Plan in CT ($126M, 2,957 participants).
Which 401(k) plans cover a similar participant headcount to Forward Air Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Radial Retirement Savings Plan in PA (4,238 participants, $112M 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 621120025.

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.