Fairbanks Scales 401(k) match, vesting and fees
What Fairbanks Scales' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Fairbanks Scales: employer contribution per participant | $1,692 | |
| Peer median | $2,038 |
| Fairbanks Scales: average balance | $76,467 | |
| Peer median | $72,907 |
| Fairbanks Scales: admin expenses ÷ assets | 0.20% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $42M at the end of plan year 2021 to $40.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 545 | $40.3M | $892K | $1,692 | 0.20% | Not published | Form 5500 ↗ |
| 2023 | 574 | $41.9M | $1M | $1,817 | 0.22% | Not published | Form 5500 ↗ |
| 2022 | 556 | $35.7M | $753K | $1,399 | 0.18% | Not published | Form 5500 ↗ |
| 2021 | 557 | $42M | $614K | $1,133 | 0.21% | Not published | Form 5500 ↗ |
Other Fairbanks Scales plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Fairbanks Scales Inc. Union Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Fairbanks Scales Inc. Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock | 2022 Schedule C ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
The recordkeeper is from the plan year 2022 filing, the latest that names one. The other rows are from the plan year 2023 filing.
Common questions
Does Fairbanks Scales match 401(k) contributions?
The match terms for the Fairbanks Scales Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $892K in employer contributions, about $1,692 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Fairbanks Scales 401(k) match vested?
The vesting schedule for the Fairbanks Scales Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Fairbanks Scales 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Fairbanks Scales Inc..
I left Fairbanks Scales. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Fairbanks Scales Inc., (816) 663-8595) or the recordkeeper, Principal Life Insurance Company. The Fairbanks Scales old 401(k) page lists the contacts from every plan filing. Find an old Fairbanks Scales 401(k)
Data from the public Form 5500 annual reports Fairbanks Scales filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Fairbanks Scales. Not financial advice. Report a correction · Methodology