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, The Faison Center, Inc. Employees' Retirement Plan is a benefit plan reported by The Faison Center, Inc. under EIN 03-0387451 and plan number 001. The latest loaded filing year is 2023. The filing reports 415 participants and $4,407,277 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,407,277
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,407,277
- Net assets (BOY)
- $3,828,630
Income & contributions
- Employer contributions
- $366,596
- Participant contributions
- $230,804
- Total contributions
- $597,400
- Total income / additions
- $1,262,510
Expenses & distributions
- Benefits paid
- $637,420
- Administrative expenses
- $46,443
- Total expenses
- $683,863
- Net increase / (decrease)
- $578,647