Profit Sharing · DOL Form 5500 · 2024

Farrco, Inc. Profit Sharing Plan

Data updated 2026-08-25

$116K
Total assets Small plan by assets
1
Participants Small participant base
7th
Percentile by assets National rank
$116,000
Avg per participant Below avg balance/head
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Official DOL plan name: Farrco, Inc. Retirement Plan · Sponsored by Farrco, Inc. · Michigan · Food Services & Accommodation

$116K in assets, 1 participants

Farrco, Inc.'s Farrco, Inc. Retirement Plan reported $116K in total assets and 1 participant in its 2024 DOL Form 5500 filing, ranking in the 7th 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.

  • #616 in Food Services & Accommodation (3,672 peers)

Farrco, Inc. multi-year trail

Farrco, Inc.'s plans moved -38.9% in assets from 2022 to 2024; this filing shows Farrco, Inc. Retirement Plan at $116K / 1 participant.

#616
in Food Services & Accommodation (3,672 peers)
-31.8%
assets change YoY

The plan reported a net loss of $54K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Farrco, Inc. Retirement Plan among the smaller filed plans by assets

Farrco, Inc. Retirement Plan vs every filed plan by assets

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

$116,000 7th percentile higher than 7% 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

Farrco, Inc. Retirement 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. Farrco, Inc. Retirement Plan is a micro filing (1 participant), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Farrco, Inc. Retirement Plan reported net income fell from -$20K in the plan year 2023 filing to -$54K in the plan year 2024 filing.
  • Farrco, Inc. Retirement Plan end-of-year assets fell from $170K in the plan year 2023 filing to $116K in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 824935045 · Farrco, Inc. PY 2024 · Profit Sharing

Farrco, Inc. Retirement Plan · $116K · 1 · 7th

  • IND $116K
  • EOY 1
  • 5500 7th
  • ASSETS Profit Sharing
  • PCT near Great Finds, Inc. Retirement Plan
  • EIN ind #616

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 Food Services & Accommodation retirement plans → · Plans in Michigan →

Farrco, Inc. Retirement Plan in the asset neighbourhood

Farrco, Inc. Retirement Plan$116KGreat Finds, Inc. Retirement PlanGreat Finds, Inc. Retirement…$116KMaber Co Retirement Plan$116KAr Swim Schools, Inc. Retirement PlanAr Swim Schools, Inc. Retire…$116KShore Point Strategy Group, Inc. Retirement PlanShore Point Strategy Group, …$116K
End-of-year total assets ($M) among Farrco, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Farrco, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Farrco, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$116K 38.94736842105263% vs 2022
2024 filing year
$0.1M$0.15M$0.2M 202220232024 $0.19M $0.12M ▼ -36.8%
Year Plans Participants Total Assets
2022 1 1 $190K
2023 1 1 $170K
2024 1 1 $116K

Farrco, Inc. filing trail (2024)

Total Assets (Beginning of Year)$170K
Net Assets (End of Year)$116K
Net Income-$54K
Employer EIN824935045
Plan Effective Date2018-03-23
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Michigan

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

Farrco, Inc. Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.52 Total assets ($B) Participants Farrco, Inc. Retirement Plan, Total assets ($B): 0.000116 · Participants: 1Farrco, Inc. Retirement PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.838163362 · Participants: 13461Henry Ford Health System Retirement Savings PlanHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.339745231 · Participants: 1472Hemlock Semiconductor Operations LLC Employees' Capital Accumulation PlanIron Workers Defined Contribution Pension Fund Plan, Total assets ($B): 0.231623418 · Participants: 5319Iron Workers Defined Contribution Pension Fund PlanNECA-IBEW Memphis Retirement Plan, Total assets ($B): 0.229985274 · Participants: 2755NECA-IBEW Memphis Retirement PlanPlumbers and Pipefitters Local Union 520 Annuity Plan, Total assets ($B): 0.219548504 · Participants: 1639Plumbers and Pipefitters Local Union 520 Annuity Plan
Farrco, Inc. Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare Farrco, Inc. Retirement Plan side-by-side with 3 peers →

Farrco, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Great Finds, Inc. Retirement Plan in WI ($116K); by covered participants it is Gerald L. Bowen, P.C. Profit Sharing Plan in PA (1 participant). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($116K here).

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); 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 Farrco, Inc. Retirement Plan assets move in 2024? ▼
Farrco, Inc. Retirement Plan contracted severely - down 31.8% during 2024, from $170K to $116K. Reported net income was -$54K.
How have Farrco, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farrco, Inc.'s sponsor-wide assets declined 38.9%, from $190K to $116K.
Where does Farrco, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Farrco, Inc. Retirement Plan ranks in the 7th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Farrco, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Great Finds, Inc. Retirement Plan in WI ($116K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Farrco, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Gerald L. Bowen, P.C. Profit Sharing Plan in PA (1 participant, N/A 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 824935045.

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.