Fastco Industries, Inc. 401(K) Plan — Form 5500 plan (Fastco Industries, Inc.)
Plain-English plan 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, Fastco Industries, Inc. 401(K) Plan is a benefit plan reported by Fastco Industries, Inc. under EIN 38-2253225 and plan number 001. The latest loaded filing year is 2023. The filing reports 149 participants and $5,901,700 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$5.9MPlan net assets, end of year$5,901,700
Participants149Covered participants reported
Assets / participant$39.6KComputed: assets ÷ participants$39,609 (computed)
Provider compensation$30.7K5 Schedule C provider row(s)$30,694
- Plan sponsor
- Fastco Industries, Inc.
- EIN
- 38-2253225
- Plan number
- 001
- Plan type
- 2
- Location
- Grand Rapids, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 149 | H, C | 20241014120848NAL0013253235001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$5.9M total assets
Net assets$5.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $5,901,700
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,901,700
- Net assets (BOY)
- $6,046,270
Income & contributions
- Employer contributions
- $96,557
- Participant contributions
- $290,218
- Total contributions
- $386,775
- Total income / additions
- $1,381,589
Expenses & distributions
- Benefits paid
- $1,526,159
- Administrative expenses
- $0
- Total expenses
- $1,526,159
- Net increase / (decrease)
- -$144,570
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
25%75%
Employer 25%Participant 75%
Total expenses ÷ net assets26%Computed ratio
Benefits paid ÷ total income110%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $23,017 | not reported in the loaded dataset | 2023 |
| The Michigan Pension Group Inc | CONTRACT ADMINISTRATOR | $683 | $4,819 | 2023 |
| Corporation Benefit Plans Inc | INVESTMENT ADVISOR | $1,160 | not reported in the loaded dataset | 2023 |
| Empower Aunnity Insurance Company | RECORDKEEPER | $820 | $0 | 2023 |
| Mmlis | BROKER ADVISER | $0 | $195 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Fastco Industries, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Grand Rapids, MI
- Global Retirement Partners LLC — Schedule C compensation
- The Michigan Pension Group Inc — Schedule C compensation
- Corporation Benefit Plans Inc — Schedule C compensation
- Empower Aunnity Insurance Company — Schedule C compensation
- Mmlis — Schedule C compensation