2023 Form 5500 filing — Faro 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007153957NAL0007737363001) for Faro 401(K) Plan, reported by Faro Technologies, Inc. under EIN 59-3157093 and plan number 001. It reports 768 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007153957NAL0007737363001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Faro Technologies, Inc.
- EIN
- 59-3157093
- Plan number
- 001
- Location
- Lake Mary, FL
- Participants
- 768
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,769,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,769,444
- Employer contributions
- $1,672,622
- Participant contributions
- $5,102,123
- Total income / additions
- $17,766,189
- Benefits paid
- $11,397,524
- Administrative expenses
- $247,980
- Total expenses
- $11,645,763
- Net increase / (decrease)
- $6,120,426
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nfp Retirement | INVESTMENT ADVISOR | $145,382 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $73,948 | $0 |
| Kbf Cpas Llp | ACCOUNTANT | $15,000 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $13,650 | not reported in the loaded dataset |