401(k) · DOL Form 5500 · 2023

Faulconer Construction Company I 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
275
Participants Below avg headcount
69th
Percentile by assets National rank
$61,076
Avg per participant Low balance/head
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Official DOL plan name: Faulconer Construction Co., Inc. 401(k) Plan · Sponsored by Faulconer Construction Company I · Virginia · Construction

$17M in assets, 275 participants

Faulconer Construction Company I's Faulconer Construction Co., Inc. 401(k) Plan reported $17M in total assets and 275 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #6,143 in Construction (9,030 peers)

Coverage in Virginia

Faulconer Construction Co., Inc. 401(k) Plan covers 275 participants in Virginia, about 35% of the average Virginia filer (state average ~782 per filing). Assets: $17M.

#6,143
in Construction (9,030 peers)
+41.1%
assets growth YoY

Faulconer Construction Co., Inc. 401(k) Plan's outsized position by total assets

Faulconer Construction Co., Inc. 401(k) Plan vs every filed plan by assets

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

$16,795,983 Top 31% higher than 69% 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

Faulconer Construction Co., Inc. 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. Faulconer Construction Co., Inc. 401(k) Plan sits mid-pack in the medium band (275 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faulconer Construction Co., Inc. 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Faulconer Construction Co., Inc. 401(k) Plan end-of-year assets rose from $12M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Faulconer Construction Co., Inc. 401(k) Plan reported participants rose from 236 in the plan year 2022 filing to 275 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 540577820 · Faulconer Construction Company I PY 2023 · 401(k)

Faulconer Construction Co., Inc. 401(k) Plan · $17M · 275 · 69th

  • 5500 $17M
  • ASSETS 275
  • PCT 69th
  • EIN 401(k)
  • RANK near Innovative Therapy Concepts, LLC 401(k) Plan
  • PHOTO ind #6143

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 Construction retirement plans → · Plans in Virginia →

Faulconer Construction Co., Inc. 401(k) Plan in the asset neighbourhood

Faulconer Construction Co., Inc. 401(k) PlanFaulconer Construction Co., …$17MInnovative Therapy Concepts, LLC 401(k) PlanInnovative Therapy Concepts,…$17MSouth Shore Orthopedics Retirement PlanSouth Shore Orthopedics Reti…$17MUbiquiti Inc 401(k) Profit Sharing Plan and TrustUbiquiti Inc 401(k) Profit S…$17MTidel Engineering, LP 401(k) PlanTidel Engineering, LP 401(k)…$17M
End-of-year total assets ($M) among Faulconer Construction Co., Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$17M
Net Income$5M
Employer EIN540577820
Plan Effective Date1990-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faulconer Construction Company I)

Sponsor-wide plan assets over time

All Faulconer Construction Company I plans reported in each filing year

Latest sponsor-wide plan assets
$21M 74.77141612029176% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $11.9M $20.8M ▲ +74.7%
Year Plans Participants Total Assets
2022 1 236 $12M
2023 1 275 $17M
2024 1 351 $21M

Nearby 401(k) Plans in Virginia

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

Faulconer Construction Co., Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Faulconer Construction Co., Inc. 401(k) Plan, Total assets ($B): 0.016795983 · Participants: 275Faulconer Construction Co., Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Faulconer Construction Co., Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants

Faulconer Construction Co., Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Innovative Therapy Concepts, LLC 401(k) Plan in GA ($17M); by covered participants it is Centrus Savings Program in MD (275 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (275 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 Faulconer Construction Co., Inc. 401(k) Plan assets move in 2023?
Faulconer Construction Co., Inc. 401(k) Plan surged - up 41.1% during 2023, from $12M to $17M. Reported net income was $5M.
How have Faulconer Construction Company I plan assets changed over time?
Across 3 plan years on file (2022-2024), Faulconer Construction Company I's sponsor-wide assets grew 74.8%, from $12M to $21M.
Which 401(k) plans are similar in size to Faulconer Construction Co., Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Innovative Therapy Concepts, LLC 401(k) Plan in GA ($17M, 434 participants).
Which 401(k) plans cover a similar participant headcount to Faulconer Construction Co., Inc. 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Centrus Savings Program in MD (275 participants, $198M in assets).