401(k) · DOL Form 5500 · 2024
Fairway Collision Center, Inc. Employees 401(k) Plan
Data updated 2026-05-15
- $7M
- Total assets
- 46
- Participants
- 49th
- Percentile by assets
- $160,150
- Avg per participant
Sponsored by Fairway Collision Center, Inc. · Minnesota · Other Services
What the 2024 filing shows
Fairway Collision Center, Inc. Employees 401(k) Plan holds $7M for 46 participants - about $160,150 per participant, in the lower half of filed plans by assets, up 9.2% over the 2024 plan year.
- $7M
- total plan assets (2024 EOY)
- 46
- covered participants
- 49th
- percentile by assets (of 116,472 plans)
- $160,150
- avg assets per participant
401(k) · DOL Form 5500 · 2024
What the Filing Says About Fairway Collision Center, Inc. Employees 401(k) Plan
Fairway Collision Center, Inc. Employees 401(k) Plan is a 401(k) retirement plan sponsored by Fairway Collision Center, Inc., headquartered in Minnesota. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 46 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 411248355, and the plan has been effective since 1992-06-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets grew at a solid clip from $7M at the beginning of 2024 to $7M at year-end - up 9.2%. Net assets (after liabilities) closed the year at $7M, with reported net income of $622K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Across the 3 plan years Fairway Collision Center, Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $6M to $7M, a gain of 27.6%, while reported participants moved from 43 to 46 (+7.0%). The strongest year on file by total sponsor assets was 2024 at $7M; the softest was 2022 at $6M. Year-by-year, sponsor-wide filings show: 2022 - $6M in assets across 1 plan covering 43 participants; 2023 - $7M in assets across 1 plan covering 42 participants; 2024 - $7M in assets across 1 plan covering 46 participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Fairway Collision Center, Inc. Employees 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2024)
| Total Assets (Beginning of Year) | $7M |
|---|---|
| Total Assets (End of Year) | $7M |
| Net Assets (End of Year) | $7M |
| Net Income | $622K |
| Plan Type | 401(k) |
| Employer EIN | 411248355 |
| Plan Effective Date | 1992-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fairway Collision Center, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 43 | $6M |
| 2023 | 1 | 42 | $7M |
| 2024 | 1 | 46 | $7M |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
- 3M Voluntary Investment Plan and Employee Stock Ownership Plan $10.6B · 32,964
Frequently Asked Questions
How much money is in the Fairway Collision Center, Inc. Employees 401(k) Plan? ▼
What type of plan is Fairway Collision Center, Inc. Employees 401(k) Plan? ▼
Who sponsors the Fairway Collision Center, Inc. Employees 401(k) Plan? ▼
How did Fairway Collision Center, Inc. Employees 401(k) Plan perform in 2024? ▼
What this filing means
Ways to act on Fairway Collision Center, Inc. Employees 401(k) Plan's numbers.
- By total assets, Fairway Collision Center, Inc. Employees 401(k) Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Minnesota. Compare plans
- Fairway Collision Center, Inc.'s sponsor-wide assets have grown 27.6% since 2022 across 3 plan years on file. More Other Services plans
- A 401(k) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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 411248355.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.