401(k) · DOL Form 5500 · 2023

Faxon Machining, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
122
Participants Small participant base
52nd
Percentile by assets National rank
$61,514
Avg per participant Low balance/head
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Official DOL plan name: Faxon Machining, Inc. 401(k) Retirement Plan · Sponsored by Faxon Machining, Inc. · Ohio · Manufacturing

$8M in assets, 122 participants

Faxon Machining, Inc.'s Faxon Machining, Inc. 401(k) Retirement Plan reported $8M in total assets and 122 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #6,949 in Manufacturing (18,722 peers)

Coverage in Ohio

Faxon Machining, Inc. 401(k) Retirement Plan covers 122 participants in Ohio, about 16% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#6,949
in Manufacturing (18,722 peers)
+31.1%
assets growth YoY

Faxon Machining, Inc. 401(k) Retirement Plan's mid-pack asset rank among Manufacturing and all filers

Faxon Machining, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$7,504,695 Top 48% higher than 52% 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

Faxon Machining, Inc. 401(k) 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. Faxon Machining, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (122 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faxon Machining, Inc. 401(k) Retirement Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Faxon Machining, Inc. 401(k) Retirement Plan end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Faxon Machining, Inc. 401(k) Retirement Plan reported participants fell from 135 in the plan year 2022 filing to 122 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 311054769 · Faxon Machining, Inc. PY 2023 · 401(k)

Faxon Machining, Inc. 401(k) Retirement Plan · $8M · 122 · 52nd

  • SCH $8M
  • SCH 122
  • SCH 52nd
  • SCH 401(k)
  • SCH near Dr Delaney Plunkett Ralstrom Makowski Thanasas & Assoc. PC Profit Sharing Plan
  • SCH ind #6949

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 Ohio →

Faxon Machining, Inc. 401(k) Retirement Plan in the asset neighbourhood

Faxon Machining, Inc. 401(k) Retirement PlanFaxon Machining, Inc. 401(k)…$8MDr Delaney Plunkett Ralstrom Makowski Thanasas & Assoc. PC Profit Sharing PlanDr Delaney Plunkett Ralstrom…$8MQuantiphi Inc. 401(k) Retirement PlanQuantiphi Inc. 401(k) Retire…$8MPorto's Bakery, Inc. 401(k) PlanPorto's Bakery, Inc. 401(k) …$8MThe Commercial Custom Seating and Upholstery, Inc. Retirement Savings PlanThe Commercial Custom Seatin…$8M
End-of-year total assets ($M) among Faxon Machining, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$2M
Employer EIN311054769
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faxon Machining, Inc.)

Sponsor-wide plan assets over time

All Faxon Machining, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 55.96809055279771% vs 2022
2024 filing year
$5M$6M$7M$8M$9M$10M 202220232024 $5.72M $8.93M ▲ +56.1%
Year Plans Participants Total Assets
2022 1 135 $6M
2023 1 122 $8M
2024 1 128 $9M

Nearby 401(k) Plans in Ohio

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

Faxon Machining, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Faxon Machining, Inc. 401(k) Retirement Plan, Total assets ($B): 0.007504695 · Participants: 122Faxon Machining, Inc. 401(k) Retirement PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Faxon Machining, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Faxon Machining, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest 401(k) by assets is Dr Delaney Plunkett Ralstrom Makowski Thanasas & Assoc. PC Profit Sharing Plan in MI ($8M); by covered participants it is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (122 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 Faxon Machining, Inc. 401(k) Retirement Plan assets move in 2023? ▼
Faxon Machining, Inc. 401(k) Retirement Plan surged - up 31.1% during 2023, from $6M to $8M. Reported net income was $2M.
How have Faxon Machining, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faxon Machining, Inc.'s sponsor-wide assets grew 56.0%, from $6M to $9M.
Which 401(k) plans are similar in size to Faxon Machining, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Dr Delaney Plunkett Ralstrom Makowski Thanasas & Assoc. PC Profit Sharing Plan in MI ($8M, 48 participants).
Which 401(k) plans cover a similar participant headcount to Faxon Machining, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants, $12M 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 311054769.

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.