Profit Sharing · DOL Form 5500 · 2024

Fai-Gon Electric, Inc. Profit Sharing Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
2
Participants Small participant base
27th
Percentile by assets National rank
$757,261
Avg per participant High balance/head
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Official DOL plan name: Fai-Gon Electric, Inc. Profit Sharing Plan · Sponsored by Fai-Gon Electric, Inc. · New Jersey · Construction

$2M in assets, 2 participants

Fai-Gon Electric, Inc.'s Fai-Gon Electric, Inc. Profit Sharing Plan reported $2M in total assets and 2 participants in its 2024 DOL Form 5500 filing, ranking in the 27th 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.

  • #2,281 in Construction (9,039 peers)

2024 asset change

Fai-Gon Electric, Inc. Profit Sharing Plan grew at a solid clip 9.0% in 2024 ($1M → $2M) for 2 participants.

#2,281
in Construction (9,039 peers)
+9.0%
assets growth YoY

Fai-Gon Electric, Inc. Profit Sharing Plan among the smaller filed plans by assets

Fai-Gon Electric, Inc. Profit Sharing Plan vs every filed plan by assets

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

$1,514,521 27th percentile higher than 27% 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

Fai-Gon Electric, Inc. Profit Sharing Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Fai-Gon Electric, Inc. Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Fai-Gon Electric, Inc. Profit Sharing Plan reported net income rose from -$68K in the plan year 2023 filing to $125K in the plan year 2024 filing.
  • Fai-Gon Electric, Inc. Profit Sharing Plan end-of-year assets rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 222702489 · Fai-Gon Electric, Inc. PY 2024 · Profit Sharing

Fai-Gon Electric, Inc. Profit Sharing Plan · $2M · 2 · 27th

  • PART $2M
  • TYPE 2
  • NET 27th
  • BOOK Profit Sharing
  • VS-ST near Peter M. Cannon, M.D., P.C. Profit Sharing Plan
  • BOY ind #2281

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 Construction retirement plans → · Plans in New Jersey →

Fai-Gon Electric, Inc. Profit Sharing Plan in the asset neighbourhood

Peter M. Cannon, M.D., P.C. Profit Sharing PlanPeter M. Cannon, M.D., P.C. …$2MThomas G. D'luge P.C. Employee Profit Sharing Plan and TrustThomas G. D'luge P.C. Employ…$2MUnited Plumbing Mechanical, Inc. Profit Sharing PlanUnited Plumbing Mechanical, …$2MFai-Gon Electric, Inc. Profit Sharing PlanFai-Gon Electric, Inc. Profi…$2MTs Cafe Incorporated Retirement PlanTs Cafe Incorporated Retirem…$2M
End-of-year total assets ($M) among Fai-Gon Electric, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Fai-Gon Electric, Inc. years around the 2024 move

Sponsor-wide plan assets over time

All Fai-Gon Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 3.892430809080669% vs 2022
2024 filing year
$1.35M$1.4M$1.45M$1.5M$1.55M 202220232024 $1.46M $1.51M ▲ +3.4%
Year Plans Participants Total Assets
2022 1 3 $1M
2023 1 2 $1M
2024 1 2 $2M

2024 asset-move particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$125K
Employer EIN222702489
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in New Jersey

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Fai-Gon Electric, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -10123 Total assets ($B) Participants Fai-Gon Electric, Inc. Profit Sharing Plan, Total assets ($B): 0.001514521 · Participants: 2Fai-Gon Electric, Inc. Profit Sharing PlanErnst & Young Partnership Retirement (Hr-10) Plan, Total assets ($B): 2.537544692 · Participants: 1666Ernst & Young Partnership Retirement (Hr-10) PlanHeavy & General Laborers' Local Unions 472 & 172 of Nj Annuity Plan, Total assets ($B): 1.550996804 · Participants: 8865Heavy & General Laborers' Local Unions 472 & 172 of Nj Annuity PlanOperating Engineers Local 825 Profit Sharing Fund, Total assets ($B): 1.508059789 · Participants: 10365Operating Engineers Local 825 Profit Sharing FundIBEW Local Union No 102 Surety Plan, Total assets ($B): 0.684866455 · Participants: 2382IBEW Local Union No 102 Surety PlanKpmg Partner Retirement Savings Plan, Total assets ($B): 0.52416742 · Participants: 1704Kpmg Partner Retirement Savings Plan
Fai-Gon Electric, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in New Jersey, assets vs. participants
Compare Fai-Gon Electric, Inc. Profit Sharing Plan side-by-side with 3 peers →

Fai-Gon Electric, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New Jersey, the nearest Profit Sharing by assets is Peter M. Cannon, M.D., P.C. Profit Sharing Plan in ID ($2M); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 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 Fai-Gon Electric, Inc. Profit Sharing Plan assets move in 2024? ▼
Fai-Gon Electric, Inc. Profit Sharing Plan grew at a solid clip - up 9.0% during 2024, from $1M to $2M. Reported net income was $125K.
How have Fai-Gon Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Fai-Gon Electric, Inc.'s sponsor-wide assets grew 3.9%, from $1M to $2M.
Which Profit Sharing plans are similar in size to Fai-Gon Electric, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Peter M. Cannon, M.D., P.C. Profit Sharing Plan in ID ($2M, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Fai-Gon Electric, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $5M 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 222702489.

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.