401(k) · DOL Form 5500 · 2024

Faro Technologies, Inc. 401(k) Plan

Data updated 2026-08-25

$74M
Total assets Below avg plan size
402
Participants Below avg headcount
88th
Percentile by assets National rank
$184,830
Avg per participant Above avg balance/head
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Official DOL plan name: Faro 401(k) Plan · Sponsored by Faro Technologies, Inc. · Florida · Manufacturing

$74M in assets, 402 participants

Faro Technologies, Inc.'s Faro 401(k) Plan reported $74M in total assets and 402 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #14,691 in Manufacturing (17,777 peers)

Where Faro 401(k) Plan sits by assets

Faro 401(k) Plan sits in the top quartile of all filed plans by assets, $74M for 402 participants (~$184,830/participant), up 14.7% in 2024.

#14,691
in Manufacturing (17,777 peers)
+14.7%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Faro 401(k) Plan's outsized position by total assets

Faro 401(k) Plan vs every filed plan by assets

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

$74,301,567 Top 12% higher than 88% 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 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. Faro 401(k) Plan sits mid-pack in the medium band (402 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Faro 401(k) Plan reported net income rose from $6M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Faro 401(k) Plan reported participants fell from 474 in the plan year 2023 filing to 402 in the plan year 2024 filing.
  • Faro 401(k) Plan end-of-year assets rose from $65M in the plan year 2023 filing to $74M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 593157093 · Faro Technologies, Inc. PY 2024 · 401(k)

Faro 401(k) Plan · $74M · 402 · 88th

  • RANK $74M
  • RANK 402
  • RANK 88th
  • RANK 401(k)
  • RANK near Tidewater 401(k) Plan
  • RANK ind #14691

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 Florida →

Faro 401(k) Plan in the asset neighbourhood

Insight Venture Partners 401(k) PlanInsight Venture Partners 401…$74MTidewater 401(k) Plan$74MFaro 401(k) Plan$74MCapital Cardiology Associates, PC Profit Sharing 401(k) PlanCapital Cardiology Associate…$74MGoodin Retirement Savings PlanGoodin Retirement Savings Pl…$74M
End-of-year total assets ($M) among Faro 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$74M
Net Income$10M
Employer EIN593157093
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faro Technologies, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$74M 26.688509942314802% vs 2022
2024 filing year
$55M$60M$65M$70M$75M$80M 202220232024 $58.7M $74.3M ▲ +26.7%
Year Plans Participants Total Assets
2022 1 491 $59M
2023 1 474 $65M
2024 1 402 $74M

Nearby 401(k) Plans in Florida

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

Faro 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Faro 401(k) Plan, Total assets ($B): 0.074301567 · Participants: 402Faro 401(k) PlanL3harris Retirement Savings Plan, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.484619612 · Participants: 16678Nextera Energy, Inc. Employee Retirement Savings Plan
Faro 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Faro 401(k) Plan side-by-side with 3 peers →

Faro 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Tidewater 401(k) Plan in WA ($74M); by covered participants it is Pioneer College Caterers, Inc. Profit Sharing Plan in TN (402 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($74M here).

Similar participant headcount

Nearest other-state filings by covered participants (402 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 401(k) Plan assets move in 2024? ▼
Faro 401(k) Plan grew at a solid clip - up 14.7% during 2024, from $65M to $74M. Reported net income was $10M.
How have Faro Technologies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faro Technologies, Inc.'s sponsor-wide assets grew 26.7%, from $59M to $74M.
Where does Faro 401(k) Plan rank by assets among Form 5500 filers? ▼
Faro 401(k) Plan ranks in the 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Faro 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tidewater 401(k) Plan in WA ($74M, 244 participants).
Which 401(k) plans cover a similar participant headcount to Faro 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pioneer College Caterers, Inc. Profit Sharing Plan in TN (402 participants, $14M 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 593157093.

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.