401(k) · DOL Form 5500 · 2023

The Faison Center, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
241
Participants Below avg headcount
42nd
Percentile by assets National rank
$18,287
Avg per participant Low balance/head
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Official DOL plan name: The Faison Center, Inc. Employees' Retirement Plan · Sponsored by The Faison Center, Inc. · Virginia · Educational Services

$4M in assets, 241 participants

The Faison Center, Inc.'s The Faison Center, Inc. Employees' Retirement Plan reported $4M in total assets and 241 participants in its 2023 DOL Form 5500 filing, ranking in the 42nd 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.

  • #1,041 in Educational Services (3,735 peers)

Coverage in Virginia

The Faison Center, Inc. Employees' Retirement Plan covers 241 participants in Virginia, about 31% of the average Virginia filer (state average ~782 per filing). Assets: $4M.

#1,041
in Educational Services (3,735 peers)
+15.1%
assets growth YoY

The Faison Center, Inc. Employees' Retirement Plan's mid-pack asset rank among Educational Services and all filers

The Faison Center, Inc. Employees' Retirement Plan vs every filed plan by assets

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

$4,407,277 42nd percentile higher than 42% 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

The Faison Center, Inc. Employees' 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. The Faison Center, Inc. Employees' Retirement Plan sits mid-pack in the medium band (241 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Faison Center, Inc. Employees' Retirement Plan reported net income rose from -$602K in the plan year 2022 filing to $579K in the plan year 2023 filing.
  • The Faison Center, Inc. Employees' Retirement Plan end-of-year assets rose from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • The Faison Center, Inc. Employees' Retirement Plan reported participants fell from 249 in the plan year 2022 filing to 241 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 030387451 · The Faison Center, Inc. PY 2023 · 401(k)

The Faison Center, Inc. Employees' Retirement Plan · $4M · 241 · 42nd

  • RANK $4M
  • PHOTO 241
  • IND 42nd
  • EOY 401(k)
  • 5500 near Momentum Loans 401(k) Plan
  • ASSETS ind #1041

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 Educational Services retirement plans → · Plans in Virginia →

The Faison Center, Inc. Employees' Retirement Plan in the asset neighbourhood

The Faison Center, Inc. Employees' Retirement PlanThe Faison Center, Inc. Empl…$4MMomentum Loans 401(k) Plan$4MBlack Bashor & Porsch Profit Sharing Plan and TrusBlack Bashor & Porsch Profit…$4MBunting Bearings LLC Retirement Savings 401(k) PlanBunting Bearings LLC Retirem…$4MVulcan Global Manufacturing Solutions 401(k) Profit Sharing Plan and TrustVulcan Global Manufacturing …$4M
End-of-year total assets ($M) among The Faison Center, Inc. Employees' Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income$579K
Employer EIN030387451
Plan Effective Date2010-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Faison Center, Inc.)

Sponsor-wide plan assets over time

All The Faison Center, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 37.180166273575665% vs 2022
2024 filing year
$3.5M$4M$4.5M$5M$5.5M 202220232024 $3.83M $5.25M ▲ +37.1%
Year Plans Participants Total Assets
2022 1 249 $4M
2023 1 241 $4M
2024 1 261 $5M

Nearby 401(k) Plans in Virginia

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

The Faison Center, Inc. Employees' Retirement Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants The Faison Center, Inc. Employees' Retirement Plan, Total assets ($B): 0.004407277 · Participants: 241The Faison Center, Inc. Employees' Retirement 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
The Faison Center, Inc. Employees' Retirement Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare The Faison Center, Inc. Employees' Retirement Plan side-by-side with 3 peers →

The Faison Center, Inc. Employees' Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Momentum Loans 401(k) Plan in UT ($4M); by covered participants it is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (241 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 The Faison Center, Inc. Employees' Retirement Plan assets move in 2023? ▼
The Faison Center, Inc. Employees' Retirement Plan grew sharply - up 15.1% during 2023, from $4M to $4M. Reported net income was $579K.
How have The Faison Center, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Faison Center, Inc.'s sponsor-wide assets grew 37.2%, from $4M to $5M.
Which 401(k) plans are similar in size to The Faison Center, Inc. Employees' Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Momentum Loans 401(k) Plan in UT ($4M, 56 participants).
Which 401(k) plans cover a similar participant headcount to The Faison Center, Inc. Employees' Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tango Card Inc 401(k) Profit Sharing Plan and Trust in WA (241 participants, $19M 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 030387451.

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.