Other · DOL Form 5500 · 2024
Fairbanks Scales Inc. Union Pension Plan
Data updated 2026-05-15
- $4M
- Total assets
- 11
- Participants
- 37th
- Percentile by assets
- $342,399
- Avg per participant
Sponsored by Fairbanks Scales Inc. · Kansas · Manufacturing
What the 2024 filing shows
Fairbanks Scales Inc. Union Pension Plan holds $4M for 11 participants - about $342,399 per participant, in the lower half of filed plans by assets, down 6.3% over the 2024 plan year.
- $4M
- total plan assets (2024 EOY)
- 11
- covered participants
- 37th
- percentile by assets (of 116,472 plans)
- $342,399
- avg assets per participant
The plan reported a net loss of $254K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Other · DOL Form 5500 · 2024
What the Filing Says About Fairbanks Scales Inc. Union Pension Plan
Fairbanks Scales Inc. Union Pension Plan is an Other retirement plan sponsored by Fairbanks Scales Inc., headquartered in Kansas. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 11 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 431464165, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets pulled back noticeably from $4M at the beginning of 2024 to $4M at year-end - down 6.3%. Net assets (after liabilities) closed the year at $4M, with reported net income of -$254K 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 Fairbanks Scales Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $61M to $44M, a decline of 28.2%, while reported participants moved from 541 to 498 (-7.9%). The strongest year on file by total sponsor assets was 2022 at $61M; the softest was 2024 at $44M. Year-by-year, sponsor-wide filings show: 2022 - $61M in assets across 3 plans covering 541 participants; 2023 - $46M in assets across 2 plans covering 463 participants; 2024 - $44M in assets across 2 plans covering 498 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 Fairbanks Scales Inc. Union Pension 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) | $4M |
|---|---|
| Total Assets (End of Year) | $4M |
| Net Assets (End of Year) | $4M |
| Net Income | -$254K |
| Plan Type | Other |
| Employer EIN | 431464165 |
| Plan Effective Date | 1988-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fairbanks Scales Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 541 | $61M |
| 2023 | 2 | 463 | $46M |
| 2024 | 2 | 498 | $44M |
Nearby Other Plans in Kansas
Peer Other plans, same state, same plan type, ranked by total assets.
- Harcros Chemicals, Inc. Employee Stock Ownership Plan $303M · 554
- Kansas Construction Trades Open End Pension Trust Fund $203M · 790
- Cargill Meat Solutions Corporation Employees Retirement Plan $120M · 3,008
- Henderson Companies Employee Stock Ownership Plan $112M · 1,016
- Berkel & Company Contractors, Inc. Employee Stock Ownership Plan $106M · 418
Frequently Asked Questions
How much money is in the Fairbanks Scales Inc. Union Pension Plan? ▼
What type of plan is Fairbanks Scales Inc. Union Pension Plan? ▼
Who sponsors the Fairbanks Scales Inc. Union Pension Plan? ▼
How did Fairbanks Scales Inc. Union Pension Plan perform in 2024? ▼
What this filing means
Ways to act on Fairbanks Scales Inc. Union Pension Plan's numbers.
- By total assets, Fairbanks Scales Inc. Union Pension Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Other plans in Kansas. Compare plans
- Fairbanks Scales Inc.'s sponsor-wide assets have declined 28.2% since 2022 across 3 plan years on file. More Manufacturing plans
- An Other 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 431464165.
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.