401(k) · DOL Form 5500 · 2023

Faithlife, LLC 401(k) Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
306
Participants Below avg headcount
78th
Percentile by assets National rank
$91,680
Avg per participant Below avg balance/head
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Official DOL plan name: Faithlife 401(k) Plan · Sponsored by Faithlife, LLC · Washington · Professional & Technical Services

$28M in assets, 306 participants

Faithlife, LLC's Faithlife 401(k) Plan reported $28M in total assets and 306 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #15,982 in Professional & Technical Services (20,321 peers)

Coverage in Washington

Faithlife 401(k) Plan covers 306 participants in Washington, about 21% of the average Washington filer (state average ~1,476 per filing). Assets: $28M.

#15,982
in Professional & Technical Services (20,321 peers)
+17.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$28,054,047 Top 22% higher than 78% 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

Faithlife 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. Faithlife 401(k) Plan sits mid-pack in the medium band (306 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faithlife 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Faithlife 401(k) Plan reported participants fell from 385 in the plan year 2022 filing to 306 in the plan year 2023 filing.
  • Faithlife 401(k) Plan end-of-year assets rose from $24M in the plan year 2022 filing to $28M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 223147956 · Faithlife, LLC PY 2023 · 401(k)

Faithlife 401(k) Plan · $28M · 306 · 78th

  • NET $28M
  • BOOK 306
  • VS-ST 78th
  • BOY 401(k)
  • SCH near Strategic Insight, Ltd 401(k) Plan
  • EBSA ind #15982

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 Professional & Technical Services retirement plans → · Plans in Washington →

Faithlife 401(k) Plan in the asset neighbourhood

Professional Group Plans, Inc. 401(k) PlanProfessional Group Plans, In…$28MAlliance Compressors, LLC 401(k) PlanAlliance Compressors, LLC 40…$28MFaithlife 401(k) Plan$28MStrategic Insight, Ltd 401(k) PlanStrategic Insight, Ltd 401(k…$28MDonatelle Plastics, Inc. 401(k) Salary Reduction PlanDonatelle Plastics, Inc. 401…$28M
End-of-year total assets ($M) among Faithlife 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$28M
Net Income$4M
Employer EIN223147956
Plan Effective Date1995-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faithlife, LLC)

Sponsor-wide plan assets over time

All Faithlife, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$35M 44.650863242589125% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $23.9M $34.6M ▲ +44.6%
Year Plans Participants Total Assets
2022 1 385 $24M
2023 1 306 $28M
2024 1 269 $35M

Nearby 401(k) Plans in Washington

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

Faithlife 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Faithlife 401(k) Plan, Total assets ($B): 0.028054047 · Participants: 306Faithlife 401(k) PlanThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
Faithlife 401(k) Plan vs. nearby 401(k) plans in Washington, assets vs. participants

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

Outside Washington, the nearest 401(k) by assets is Strategic Insight, Ltd 401(k) Plan in VA ($28M); by covered participants it is Life Unlimited, Inc. 401(k) Plan in MO (306 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (306 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 Faithlife 401(k) Plan assets move in 2023?
Faithlife 401(k) Plan grew sharply - up 17.2% during 2023, from $24M to $28M. Reported net income was $4M.
How have Faithlife, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Faithlife, LLC's sponsor-wide assets grew 44.7%, from $24M to $35M.
Where does Faithlife 401(k) Plan rank by assets among Form 5500 filers?
Faithlife 401(k) Plan ranks in the 78th 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 Faithlife 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Strategic Insight, Ltd 401(k) Plan in VA ($28M, 151 participants).
Which 401(k) plans cover a similar participant headcount to Faithlife 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Life Unlimited, Inc. 401(k) Plan in MO (306 participants, $3M in assets).