401(k) · DOL Form 5500 · 2023

Fonar Corporation 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
548
Participants Below avg headcount
84th
Percentile by assets National rank
$77,585
Avg per participant Below avg balance/head
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Official DOL plan name: Fonar Corporation 401(k) Plan · Sponsored by Fonar Corporation · New York · Manufacturing

$43M in assets, 548 participants

Fonar Corporation's Fonar Corporation 401(k) Plan reported $43M in total assets and 548 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #14,377 in Manufacturing (18,722 peers)

Where Fonar Corporation 401(k) Plan sits by assets

Fonar Corporation 401(k) Plan sits in the top quartile of all filed plans by assets, $43M for 548 participants (~$77,585/participant), up 15.6% in 2023.

#14,377
in Manufacturing (18,722 peers)
+15.6%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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

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

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

$42,516,625 Top 16% higher than 84% 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

Fonar Corporation 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. Fonar Corporation 401(k) Plan sits mid-pack in the medium band (548 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Fonar Corporation 401(k) Plan reported net income rose from -$6M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Fonar Corporation 401(k) Plan end-of-year assets rose from $37M in the plan year 2022 filing to $43M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 112464137 · Fonar Corporation PY 2023 · 401(k)

Fonar Corporation 401(k) Plan · $43M · 548 · 84th

  • PCT $43M
  • EIN 548
  • RANK 84th
  • PHOTO 401(k)
  • IND near Propel Hr 401(k) Plan
  • EOY ind #14377

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 New York →

Fonar Corporation 401(k) Plan in the asset neighbourhood

Fonar Corporation 401(k) Plan$43MPropel Hr 401(k) Plan$43MConcurrent Hro 401(k) Plan$43MCompetitive Power Ventures Inc 401(k) Profit Sharing Plan & TrustCompetitive Power Ventures I…$43MRha 401(k) Profit Sharing PlanRha 401(k) Profit Sharing Pl…$42M
End-of-year total assets ($M) among Fonar Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$42M
Net Income$6M
Employer EIN112464137
Plan Effective Date1991-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fonar Corporation)

Sponsor-wide plan assets over time

All Fonar Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$50M 36.33748749913461% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $36.8M $50.1M ▲ +36.3%
Year Plans Participants Total Assets
2022 1 548 $37M
2023 1 548 $43M
2024 1 596 $50M

Nearby 401(k) Plans in New York

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

Fonar Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Fonar Corporation 401(k) Plan, Total assets ($B): 0.042516625 · Participants: 548Fonar Corporation 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Fonar Corporation 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Fonar Corporation 401(k) Plan side-by-side with 3 peers →

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

Outside New York, the nearest 401(k) by assets is Propel Hr 401(k) Plan in SC ($43M); by covered participants it is Doctors of Physical Therapy 401(k) Plan in IL (548 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (548 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 Fonar Corporation 401(k) Plan assets move in 2023? ▼
Fonar Corporation 401(k) Plan grew sharply - up 15.6% during 2023, from $37M to $43M. Reported net income was $6M.
How have Fonar Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fonar Corporation's sponsor-wide assets grew 36.3%, from $37M to $50M.
Where does Fonar Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Fonar Corporation 401(k) Plan ranks in the 84th 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 Fonar Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Propel Hr 401(k) Plan in SC ($43M, 2,406 participants).
Which 401(k) plans cover a similar participant headcount to Fonar Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Doctors of Physical Therapy 401(k) Plan in IL (548 participants, $9M 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 112464137.

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.