Faro 401(K) Plan — Form 5500 plan (Faro Technologies, 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, Faro 401(K) Plan is a benefit plan reported by Faro Technologies, Inc. under EIN 59-3157093 and plan number 001. The latest loaded filing year is 2023. The filing reports 768 participants and $64,769,444 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Faro Technologies, Inc.
- EIN
- 59-3157093
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Mary, FL
- Latest filing year
- 2023
- Participants
- 768
- End-of-year plan assets
- $64,769,444
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 768 | H, C | 20241007153957NAL0007737363001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $64,769,444
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,769,444
- Net assets (BOY)
- $58,649,018
Income & contributions
- Employer contributions
- $1,672,622
- Participant contributions
- $5,102,123
- Total contributions
- $7,490,571
- Total income / additions
- $17,766,189
Expenses & distributions
- Benefits paid
- $11,397,524
- Administrative expenses
- $247,980
- Total expenses
- $11,645,763
- Net increase / (decrease)
- $6,120,426
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nfp Retirement | INVESTMENT ADVISOR | $145,382 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $73,948 | $0 | 2023 |
| Kbf Cpas Llp | ACCOUNTANT | $15,000 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $13,650 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Faro Technologies, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in FL
- 401(k) and benefit plan filings in Lake Mary, FL
- Nfp Retirement — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation
- Kbf Cpas Llp — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation