Farber Specialty Vehicles, Inc.401(k)
THE FARBER COMPANIES 401(K) PROFIT SHARING PLAN · REYNOLDSBURG, OH · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Farber Specialty Vehicles, Inc. reported $96,777 in plan administrative expenses for 2023: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,895 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.56% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,579th-largest of 3,295 plans among Ohio employers on file, and the 1,876th of 5,215 in retail trade. In 2023, employees put in $1.27 for every $1.00 the employer contributed.
Farber Specialty Vehicles, Inc.'s 2023 employer contribution ran above the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Farber Specialty Vehicles, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 412043544 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.