401(k) · DOL Form 5500 · 2024

Facet Wealth, Inc. 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets: 224
Participants Below avg headcount: 71st
Percentile by assets National rank: $94,010
Avg per participant Below avg balance/head

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Official DOL plan name: Facet Wealth, Inc. 401(k) Plan · Sponsored by Facet Wealth, Inc. · Maryland · Finance & Insurance

$21M in assets, 224 participants

Facet Wealth, Inc.'s Facet Wealth, Inc. 401(k) Plan reported $21M in total assets and 224 participants in its 2024 DOL Form 5500 filing, ranking in the 71st 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.

#4,832 in Finance & Insurance (8,549 peers)

Coverage in Maryland

Facet Wealth, Inc. 401(k) Plan covers 224 participants in Maryland, about 24% of the average Maryland filer (state average ~929 per filing). Assets: $21M.

#4,832
in Finance & Insurance (8,549 peers): +9.5%
assets growth YoY

Facet Wealth, Inc. 401(k) Plan's outsized position by total assets

Facet Wealth, Inc. 401(k) Plan vs every filed plan by assets

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

$21,058,169 Top 29% higher than 71% 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

Facet Wealth, Inc. 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. Facet Wealth, Inc. 401(k) Plan sits mid-pack in the medium band (224 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Facet Wealth, Inc. 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $2M in the plan year 2024 filing.
Facet Wealth, Inc. 401(k) Plan reported participants fell from 266 in the plan year 2023 filing to 224 in the plan year 2024 filing.
Facet Wealth, Inc. 401(k) Plan end-of-year assets rose from $19M in the plan year 2023 filing to $21M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 813453207 · Facet Wealth, Inc. PY 2024 · 401(k)

Facet Wealth, Inc. 401(k) Plan · $21M · 224 · 71st

VS-ST $21M
VS-ST 224
VS-ST 71st
VS-ST 401(k)
VS-ST near Dnc 401(k) Plan
VS-ST ind #4832

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 Finance & Insurance retirement plans → · Plans in Maryland →

End-of-year total assets ($M) among Facet Wealth, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Maryland filing particulars

Total Assets (Beginning of Year)	$19M
Net Assets (End of Year)	$21M
Net Income	$2M
Employer EIN	813453207
Plan Effective Date	2018-06-25
Filing Status	FILING RECEIVED

Sponsor Plan History (Facet Wealth, Inc.)

Latest sponsor-wide plan assets: $21M 55.894955567555094% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	291	$14M
2023	1	266	$19M
2024	1	224	$21M

Nearby 401(k) Plans in Maryland

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

Facet Wealth, Inc. 401(k) Plan vs. nearby 401(k) plans in Maryland, assets vs. participants

Lockheed Martin Corporation Salaried Savings Plan $51.4B · 96,812
Marriott Retirement Savings Plan $11.7B · 101,417
T. Rowe Price U.S. Retirement Program $4.9B · 6,639
Nfl Player Second Career Savings Plan $4.1B · 2,771
Lockheed Martin Corporation Performance Sharing Plan for Bargaining Employees $3.0B · 18,370

Compare Facet Wealth, Inc. 401(k) Plan side-by-side with 3 peers →

Facet Wealth, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Dnc 401(k) Plan in DC ($21M); by covered participants it is Ideal Ready Mix Company 401(k) Plan in IA (224 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($21M here).

Dnc 401(k) Plan (DC) $21M · 272
Ngp Management, LLC 401(k) Plan (MA) $21M · 1,916
Osi Digital, Inc. 401(k) Plan (CA) $21M · 201
Queens Law Associates 401(k) Plan (NY) $21M · 220

Similar participant headcount

Nearest other-state filings by covered participants (224 participants); asset peers above are excluded.

Ideal Ready Mix Company 401(k) Plan (IA) 224 · 0 off
Sezzle 401(k) Plan (MN) 224 · 0 off
Four Rivers Combined 401(k) Plan (KY) 224 · 0 off
Warrior 401(k) Plan (TX) 224 · 0 off

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 Facet Wealth, Inc. 401(k) Plan assets move in 2024? ▼

Facet Wealth, Inc. 401(k) Plan grew at a solid clip - up 9.5% during 2024, from $19M to $21M. Reported net income was $2M.

How have Facet Wealth, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Facet Wealth, Inc.'s sponsor-wide assets grew 55.9%, from $14M to $21M.

Which 401(k) plans are similar in size to Facet Wealth, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Dnc 401(k) Plan in DC ($21M, 272 participants).

Which 401(k) plans cover a similar participant headcount to Facet Wealth, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Ideal Ready Mix Company 401(k) Plan in IA (224 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 813453207.