401(k) · DOL Form 5500 · 2024

Faro Services, Inc. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
330
Participants Below avg headcount
42nd
Percentile by assets National rank
$15,608
Avg per participant Low balance/head
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Official DOL plan name: Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan · Sponsored by Faro Services, Inc. · Ohio · Transportation & Warehousing

$5M in assets, 330 participants

Faro Services, Inc.'s Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan reported $5M in total assets and 330 participants in its 2024 DOL Form 5500 filing, ranking in the 42nd 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.

  • #1,434 in Transportation & Warehousing (3,299 peers)

Coverage in Ohio

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan covers 330 participants in Ohio, about 43% of the average Ohio filer (state average ~765 per filing). Assets: $5M.

#1,434
in Transportation & Warehousing (3,299 peers)
+12.7%
assets growth YoY

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan's mid-pack asset rank among Transportation & Warehousing and all filers

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan vs every filed plan by assets

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

$5,150,503 42nd percentile higher than 42% 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

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps 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. Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan sits mid-pack in the medium band (330 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan reported net income fell from $826K in the plan year 2023 filing to $487K in the plan year 2024 filing.
  • Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan end-of-year assets rose from $5M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan reported participants fell from 356 in the plan year 2023 filing to 330 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 311379444 · Faro Services, Inc. PY 2024 · 401(k)

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan · $5M · 330 · 42nd

  • PHOTO $5M
  • PHOTO 330
  • PHOTO 42nd
  • PHOTO 401(k)
  • PHOTO near Rose Medical 401(k) Plan and Trust
  • PHOTO ind #1434

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 Transportation & Warehousing retirement plans → · Plans in Ohio →

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan in the asset neighbourhood

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps PlanFaro Services, Inc. Dba Faro…$5MRose Medical 401(k) Plan and TrustRose Medical 401(k) Plan and…$5MSpring Prairie Hb, Inc.$5MTransitional Learning Center 401(k) PlanTransitional Learning Center…$5MClub 59, Inc. 401(k) Profit Sharing Plan & TrustClub 59, Inc. 401(k) Profit …$5M
End-of-year total assets ($M) among Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income$487K
Employer EIN311379444
Plan Effective Date1993-12-06
Filing StatusFILING RECEIVED

Sponsor Plan History (Faro Services, Inc.)

Sponsor-wide plan assets over time

All Faro Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 35.29090219449307% vs 2022
2024 filing year
$3.5M$4M$4.5M$5M$5.5M 202220232024 $3.81M $5.15M ▲ +35.2%
Year Plans Participants Total Assets
2022 1 383 $4M
2023 1 356 $5M
2024 1 330 $5M

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan, Total assets ($B): 0.005150503 · Participants: 330Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan side-by-side with 3 peers →

Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Rose Medical 401(k) Plan and Trust in MI ($5M); by covered participants it is Dean Vistnes Md Inc 401(k) Plan in CA (330 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($5M here).

Similar participant headcount

Nearest other-state filings by covered participants (330 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 Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan assets move in 2024? ▼
Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan grew at a solid clip - up 12.7% during 2024, from $5M to $5M. Reported net income was $487K.
How have Faro Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faro Services, Inc.'s sponsor-wide assets grew 35.3%, from $4M to $5M.
Which 401(k) plans are similar in size to Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rose Medical 401(k) Plan and Trust in MI ($5M, 134 participants).
Which 401(k) plans cover a similar participant headcount to Faro Services, Inc. Dba Faro Logistics Solutions, Inc. 401(k) Ps Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dean Vistnes Md Inc 401(k) Plan in CA (330 participants, 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 311379444.

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.