401(k) · DOL Form 5500 · 2024

Fastenal Company & Subsidiaries 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
18,036
Participants Very large workforce
99th
Percentile by assets National rank
$58,705
Avg per participant Low balance/head
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Official DOL plan name: Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · Sponsored by Fastenal Company & Subsidiaries · Minnesota · Retail Trade

$1.1B in assets, 18,036 participants

Fastenal Company & Subsidiaries's Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported $1.1B in total assets and 18,036 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #7,976 in Retail Trade (8,048 peers)

Coverage in Minnesota

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan covers 18,036 participants in Minnesota, 16x the typical Minnesota plan (state average ~1,126 per filing). Assets: $1.1B.

#7,976
in Retail Trade (8,048 peers)
+15.2%
assets growth YoY
11×
vs typical plan assets (national mean)

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's outsized position by total assets

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,058,811,094 Top 1% higher than 99% of 123,620 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 2024

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan is a mega filing (18,036 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported net income fell from $209M in the plan year 2023 filing to $139M in the plan year 2024 filing.
  • Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan end-of-year assets rose from $919M in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
  • Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reported participants rose from 17,362 in the plan year 2023 filing to 18,036 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 410948415 · Fastenal Company & Subsidiaries PY 2024 · 401(k)

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan · $1.1B · 18,036 · 99th

  • EOY $1.1B
  • 5500 18,036
  • ASSETS 99th
  • PCT 401(k)
  • EIN near Gm Financial Employees 401(k) Plan
  • RANK ind #7976

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 Retail Trade retirement plans → · Plans in Minnesota →

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan in the asset neighbourhood

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership PlanFastenal Company & Subsidiar…$1.1BGm Financial Employees 401(k) PlanGm Financial Employees 401(k…$1.1B401(k) Retirement Savings Plan for Employees of the Valley Hospital401(k) Retirement Savings Pl…$1.1BVf 401(k) Savings Plan$1.1BPenske Automotive Group 401(k) Savings and Retirement PlanPenske Automotive Group 401(…$1.1B
End-of-year total assets ($B) among Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$919M
Net Assets (End of Year)$1.1B
Net Income$139M
Employer EIN410948415
Plan Effective Date1998-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Fastenal Company & Subsidiaries)

Sponsor-wide plan assets over time

All Fastenal Company & Subsidiaries plans reported in each filing year

Latest sponsor-wide plan assets
$1.1B 48.952409463846244% vs 2022
2024 filing year
$0.6B$0.8B$1B$1.2B 202220232024 $0.71B $1.06B ▲ +49.3%
Year Plans Participants Total Assets
2022 1 15,900 $711M
2023 1 17,362 $919M
2024 1 18,036 $1.1B

Nearby 401(k) Plans in Minnesota

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

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.058811094 · Participants: 18036Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan side-by-side with 3 peers →

Scale composition for Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports $1.1B in end-of-year assets across 18,036 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $58,705 per participant (42% of the national average assets-per-participant) . Net income for plan year 2024 was $139M.

This plan identity (EIN 410948415, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $711M to $1.1B (+49.0%) while covered participants moved from 15,900 to 18,036 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 15,900 $711M Open filing
2023 17,362 $919M Open filing
2024 · index core 18,036 $1.1B This page

Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Gm Financial Employees 401(k) Plan in TX ($1.1B); by covered participants it is Shaw Industries Group, Inc. Retirement Savings Plan in GA (18,036 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (18,036 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan assets move in 2024? ▼
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan grew sharply - up 15.2% during 2024, from $919M to $1.1B. Reported net income was $139M.
How have Fastenal Company & Subsidiaries plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fastenal Company & Subsidiaries's sponsor-wide assets grew 49.0%, from $711M to $1.1B.
Where does Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gm Financial Employees 401(k) Plan in TX ($1.1B, 7,065 participants).
Which 401(k) plans cover a similar participant headcount to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Shaw Industries Group, Inc. Retirement Savings Plan in GA (18,036 participants, $1.7B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410948415.

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.