401(k) · DOL Form 5500 · 2024
Farris Fab. & Machine, Inc. 401(k) Plan
Data updated 2026-08-25
- $1M
- Total assets Small plan by assets
- 157
- Participants Small participant base
- 26th
- Percentile by assets National rank
- $8,867
- Avg per participant Low balance/head
Official DOL plan name: Farris Fab & Machine 401(k) Plan · Sponsored by Farris Fab. & Machine, Inc. · North Carolina · Manufacturing
$1M in assets, 157 participants
Farris Fab. & Machine, Inc.'s Farris Fab & Machine 401(k) Plan reported $1M in total assets and 157 participants in its 2024 DOL Form 5500 filing, ranking in the 26th 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.
- #2,038 in Manufacturing (17,777 peers)
Coverage in North Carolina
Farris Fab & Machine 401(k) Plan covers 157 participants in North Carolina, about 19% of the average North Carolina filer (state average ~819 per filing). Assets: $1M.
- #2,038
- in Manufacturing (17,777 peers)
- +30.7%
- assets growth YoY
Farris Fab & Machine 401(k) Plan among the smaller filed plans by assets
Farris Fab & Machine 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,392,092 26th percentile higher than 26% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Farris Fab & Machine 401(k) Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farris Fab & Machine 401(k) Plan sits mid-pack in the medium band (157 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Farris Fab & Machine 401(k) Plan end-of-year assets rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
- Farris Fab & Machine 401(k) Plan reported net income fell from $439K in the plan year 2023 filing to $327K in the plan year 2024 filing.
- Farris Fab & Machine 401(k) Plan reported participants rose from 155 in the plan year 2023 filing to 157 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 561241443 · Farris Fab. & Machine, Inc. PY 2024 · 401(k)
Farris Fab & Machine 401(k) Plan · $1M · 157 · 26th
- EOY $1M
- 5500 157
- ASSETS 26th
- PCT 401(k)
- EIN near Unisys Savings Plan for Puerto Rico Employees
- RANK ind #2038
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 Manufacturing retirement plans → · Plans in North Carolina →
Farris Fab & Machine 401(k) Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | $327K |
| Employer EIN | 561241443 |
| Plan Effective Date | 2019-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Farris Fab. & Machine, Inc.)
Sponsor-wide plan assets over time
All Farris Fab. & Machine, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $1M 122.16597510373444% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 155 | $627K |
| 2023 | 1 | 155 | $1M |
| 2024 | 1 | 157 | $1M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Farris Fab & Machine 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Unisys Savings Plan for Puerto Rico Employees in PA ($1M); by covered participants it is Otis It Inc in DE (157 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1M here).
Similar participant headcount
Nearest other-state filings by covered participants (157 participants); asset peers above are excluded.
- Otis It Inc (DE) 157 · 0 off
- Cogent Solutions and Supplies 401(k) Profit Sharing Plan (CA) 157 · 0 off
- Wsim 401(k) Retirement Plan (TX) 157 · 0 off
- 3-G Construction Co., Inc. 401(k) Plan (AZ) 157 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.