401(k) · DOL Form 5500 · 2024
Fastenal Company & Subsidiaries 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 18,036
- Participants
- 99th
- Percentile by assets
- $58,705
- Avg per participant
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.
- 99th percentile by assets (of 123,622 plans)
- #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.
- $1.1B
- total plan assets (2024 EOY)
- 18,036
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $58,705
- avg assets per participant
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.
Participants vs Minnesota filers
In Minnesota, the average filing covers about 1,126 participants across 2,865 plans. Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan reports 18,036 participants - 16x that state average ($1.1B EOY assets).
Minnesota filing particulars
| Total Assets (Beginning of Year) | $919M |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $139M |
| Employer EIN | 410948415 |
| Plan Effective Date | 1998-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fastenal Company & Subsidiaries)
| 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
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
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 |
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan by total assets, not by location.
- Gm Financial Employees 401(k) Plan (TX) $1.1B · 7,065
- 401(k) Retirement Savings Plan for Employees of the Valley Hospital (NJ) $1.1B · 5,712
- Vf 401(k) Savings Plan (NC) $1.1B · 16,442
- Penske Automotive Group 401(k) Savings and Retirement Plan (MI) $1.1B · 13,194
Frequently Asked Questions
How did Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan assets move in 2024? ▼
How have Fastenal Company & Subsidiaries plan assets changed over time? ▼
Where does Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan? ▼
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Filing takeaways
Ways to act on Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan's numbers.
- By total assets, Fastenal Company & Subsidiaries 401(k) and Employee Stock Ownership Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Fastenal Company & Subsidiaries's sponsor-wide assets have grown 49.0% since 2022 across 3 plan years on file. More Retail Trade plans