401(k) · DOL Form 5500 · 2023

Mark Farbman PA 401(k) Plan

Data updated 2026-08-25

$174K
Total assets Small plan by assets
7
Participants Small participant base
10th
Percentile by assets National rank
$24,920
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mark Farbman PA 401(k) and Profit Sharing Plan · Sponsored by Mark Farbman PA · North Carolina · Professional & Technical Services

$174K in assets, 7 participants

Mark Farbman PA's Mark Farbman PA 401(k) and Profit Sharing Plan reported $174K in total assets and 7 participants in its 2023 DOL Form 5500 filing, ranking in the 10th 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.

  • #1,570 in Professional & Technical Services (20,321 peers)

Mark Farbman PA multi-year trail

Mark Farbman PA's plans moved -55.5% in assets from 2022 to 2024; this filing shows Mark Farbman PA 401(k) and Profit Sharing Plan at $174K / 7 participants.

#1,570
in Professional & Technical Services (20,321 peers)
-62.1%
assets change YoY

The plan reported a net loss of $286K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mark Farbman PA 401(k) and Profit Sharing Plan among the smaller filed plans by assets

Mark Farbman PA 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$174,442 10th percentile higher than 10% 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

Mark Farbman PA 401(k) and Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mark Farbman PA 401(k) and Profit Sharing Plan is a micro filing (7 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mark Farbman PA 401(k) and Profit Sharing Plan reported net income fell from -$103K in the plan year 2022 filing to -$286K in the plan year 2023 filing.
  • Mark Farbman PA 401(k) and Profit Sharing Plan end-of-year assets fell from $460K in the plan year 2022 filing to $174K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 205571176 · Mark Farbman PA PY 2023 · 401(k)

Mark Farbman PA 401(k) and Profit Sharing Plan · $174K · 7 · 10th

  • EBSA $174K
  • PART 7
  • TYPE 10th
  • NET 401(k)
  • BOOK near Lyn Systems Inc. 401(k) Profit Sharing Plan
  • VS-ST ind #1570

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 North Carolina →

Mark Farbman PA 401(k) and Profit Sharing Plan in the asset neighbourhood

Mark Farbman PA 401(k) and Profit Sharing PlanMark Farbman PA 401(k) and P…$174KLyn Systems Inc. 401(k) Profit Sharing PlanLyn Systems Inc. 401(k) Prof…$174KAcacia Foot and Ankle Surgeons, PLLC 401(k) PlanAcacia Foot and Ankle Surgeo…$174KR & B Phoenix Corporation 401(k) Profit Sharing PlanR & B Phoenix Corporation 40…$174KThe Freeport Company 401(k) PlanThe Freeport Company 401(k) …$174K
End-of-year total assets ($M) among Mark Farbman PA 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Mark Farbman PA multi-year asset trail

Sponsor-wide plan assets over time

All Mark Farbman PA plans reported in each filing year

Latest sponsor-wide plan assets
$205K 55.488855430194086% vs 2022
2024 filing year
$0.1M$0.2M$0.3M$0.4M$0.5M 202220232024 $0.46M $0.2M ▼ -56.5%
Year Plans Participants Total Assets
2022 1 7 $460K
2023 1 7 $174K
2024 1 7 $205K

Mark Farbman PA filing trail (2023)

Total Assets (Beginning of Year)$460K
Net Assets (End of Year)$174K
Net Income-$286K
Employer EIN205571176
Plan Effective Date2008-01-21
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Mark Farbman PA 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Mark Farbman PA 401(k) and Profit Sharing Plan, Total assets ($B): 0.000174442 · Participants: 7Mark Farbman PA 401(k) and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Mark Farbman PA 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Mark Farbman PA 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Mark Farbman PA 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Lyn Systems Inc. 401(k) Profit Sharing Plan in NY ($174K); by covered participants it is Asana Biosciences, LLC 401(k) Plan in NJ (7 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (7 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 Mark Farbman PA 401(k) and Profit Sharing Plan assets move in 2023? ▼
Mark Farbman PA 401(k) and Profit Sharing Plan contracted severely - down 62.1% during 2023, from $460K to $174K. Reported net income was -$286K.
How have Mark Farbman PA plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mark Farbman PA's sponsor-wide assets declined 55.5%, from $460K to $205K.
Where does Mark Farbman PA 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Mark Farbman PA 401(k) and Profit Sharing Plan ranks in the 10th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Mark Farbman PA 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lyn Systems Inc. 401(k) Profit Sharing Plan in NY ($174K, 1 participant).
Which 401(k) plans cover a similar participant headcount to Mark Farbman PA 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Asana Biosciences, LLC 401(k) Plan in NJ (7 participants, N/A 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 205571176.

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.