Civic Intelligence

Faztec Industries Inc.

Plan context: Faztec Industries Inc. Cash Balance Plan

EIN 13-3797986 • Staten Island, NY • 18 filings • 2 plans

38 Kinsey Place, Suite 2Staten Island, NY 10303
Current Snapshot

Latest Year

2024

2024 Participants

18

2024 Assets

$3,643,672

2024 Contributions

$323,276

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,643,672$1,821,836$0201620202024YearValue
$3,643,672Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

20100201620202024YearValue
18Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024218$3,643,672$323,276$17,960iApproximate average salary by contribution assumption: employee only about $448,994 at 4% or $299,330 at 6%; with 50% employer match about $299,330 at 4% or $199,553 at 6%; with 100% employer match about $224,497 at 4% or $149,665 at 6%.
Faztec Industries Inc. Cash Balance Plan-16$2,595,222$252,205$15,763iApproximate average salary by contribution assumption: employee only about $394,070 at 4% or $262,714 at 6%; with 50% employer match about $262,714 at 4% or $175,142 at 6%; with 100% employer match about $197,035 at 4% or $131,357 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-18$1,048,450$71,071$3,948iApproximate average salary by contribution assumption: employee only about $98,710 at 4% or $65,806 at 6%; with 50% employer match about $65,806 at 4% or $43,871 at 6%; with 100% employer match about $49,355 at 4% or $32,903 at 6%.
2023216$3,156,465$298,450$18,653iApproximate average salary by contribution assumption: employee only about $466,328 at 4% or $310,885 at 6%; with 50% employer match about $310,885 at 4% or $207,257 at 6%; with 100% employer match about $233,164 at 4% or $155,443 at 6%.
Faztec Industries Inc. Cash Balance Plan-14$2,230,895$249,226$17,802iApproximate average salary by contribution assumption: employee only about $445,046 at 4% or $296,698 at 6%; with 50% employer match about $296,698 at 4% or $197,798 at 6%; with 100% employer match about $222,523 at 4% or $148,349 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-16$925,570$49,224$3,077iApproximate average salary by contribution assumption: employee only about $76,913 at 4% or $51,275 at 6%; with 50% employer match about $51,275 at 4% or $34,183 at 6%; with 100% employer match about $38,456 at 4% or $25,638 at 6%.
2022216$2,710,447$298,045$18,628iApproximate average salary by contribution assumption: employee only about $465,695 at 4% or $310,464 at 6%; with 50% employer match about $310,464 at 4% or $206,976 at 6%; with 100% employer match about $232,848 at 4% or $155,232 at 6%.
Faztec Industries Inc. Cash Balance Plan-15$1,876,601$250,772$16,718iApproximate average salary by contribution assumption: employee only about $417,953 at 4% or $278,636 at 6%; with 50% employer match about $278,636 at 4% or $185,757 at 6%; with 100% employer match about $208,977 at 4% or $139,318 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-16$833,846$47,273$2,955iApproximate average salary by contribution assumption: employee only about $73,864 at 4% or $49,243 at 6%; with 50% employer match about $49,243 at 4% or $32,828 at 6%; with 100% employer match about $36,932 at 4% or $24,621 at 6%.
2021220$2,677,805$420,955$21,048iApproximate average salary by contribution assumption: employee only about $526,194 at 4% or $350,796 at 6%; with 50% employer match about $350,796 at 4% or $233,864 at 6%; with 100% employer match about $263,097 at 4% or $175,398 at 6%.
Faztec Industries Inc. Cash Balance Plan-19$1,752,531$250,537$13,186iApproximate average salary by contribution assumption: employee only about $329,654 at 4% or $219,769 at 6%; with 50% employer match about $219,769 at 4% or $146,513 at 6%; with 100% employer match about $164,827 at 4% or $109,885 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-20$925,274$170,418$8,521iApproximate average salary by contribution assumption: employee only about $213,023 at 4% or $142,015 at 6%; with 50% employer match about $142,015 at 4% or $94,677 at 6%; with 100% employer match about $106,511 at 4% or $71,008 at 6%.
2020215$2,111,426$267,569$17,838iApproximate average salary by contribution assumption: employee only about $445,948 at 4% or $297,299 at 6%; with 50% employer match about $297,299 at 4% or $198,199 at 6%; with 100% employer match about $222,974 at 4% or $148,649 at 6%.
Faztec Industries Inc. Cash Balance Plan-15$1,422,031$245,428$16,362iApproximate average salary by contribution assumption: employee only about $409,047 at 4% or $272,698 at 6%; with 50% employer match about $272,698 at 4% or $181,799 at 6%; with 100% employer match about $204,523 at 4% or $136,349 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-15$689,395$22,141$1,476iApproximate average salary by contribution assumption: employee only about $36,902 at 4% or $24,601 at 6%; with 50% employer match about $24,601 at 4% or $16,401 at 6%; with 100% employer match about $18,451 at 4% or $12,301 at 6%.
2019213$1,651,241$390,145$30,011iApproximate average salary by contribution assumption: employee only about $750,279 at 4% or $500,186 at 6%; with 50% employer match about $500,186 at 4% or $333,457 at 6%; with 100% employer match about $375,139 at 4% or $250,093 at 6%.
Faztec Industries Inc. Cash Balance Plan-13$1,064,315$248,533$19,118iApproximate average salary by contribution assumption: employee only about $477,948 at 4% or $318,632 at 6%; with 50% employer match about $318,632 at 4% or $212,421 at 6%; with 100% employer match about $238,974 at 4% or $159,316 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-13$586,926$141,612$10,893iApproximate average salary by contribution assumption: employee only about $272,331 at 4% or $181,554 at 6%; with 50% employer match about $181,554 at 4% or $121,036 at 6%; with 100% employer match about $136,165 at 4% or $90,777 at 6%.
2018211$1,125,697$376,837$34,258iApproximate average salary by contribution assumption: employee only about $856,448 at 4% or $570,965 at 6%; with 50% employer match about $570,965 at 4% or $380,643 at 6%; with 100% employer match about $428,224 at 4% or $285,483 at 6%.
Faztec Industries Inc. Cash Balance Plan-11$732,075$247,653$22,514iApproximate average salary by contribution assumption: employee only about $562,848 at 4% or $375,232 at 6%; with 50% employer match about $375,232 at 4% or $250,155 at 6%; with 100% employer match about $281,424 at 4% or $187,616 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-11$393,622$129,184$11,744iApproximate average salary by contribution assumption: employee only about $293,600 at 4% or $195,733 at 6%; with 50% employer match about $195,733 at 4% or $130,489 at 6%; with 100% employer match about $146,800 at 4% or $97,867 at 6%.
2017212$768,400$383,480$31,957iApproximate average salary by contribution assumption: employee only about $798,917 at 4% or $532,611 at 6%; with 50% employer match about $532,611 at 4% or $355,074 at 6%; with 100% employer match about $399,458 at 4% or $266,306 at 6%.
Faztec Industries Inc. Cash Balance Plan-12$496,821$248,400$20,700iApproximate average salary by contribution assumption: employee only about $517,500 at 4% or $345,000 at 6%; with 50% employer match about $345,000 at 4% or $230,000 at 6%; with 100% employer match about $258,750 at 4% or $172,500 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-12$271,579$135,080$11,257iApproximate average salary by contribution assumption: employee only about $281,417 at 4% or $187,611 at 6%; with 50% employer match about $187,611 at 4% or $125,074 at 6%; with 100% employer match about $140,708 at 4% or $93,806 at 6%.
2016212$383,665$383,665$31,972iApproximate average salary by contribution assumption: employee only about $799,302 at 4% or $532,868 at 6%; with 50% employer match about $532,868 at 4% or $355,245 at 6%; with 100% employer match about $399,651 at 4% or $266,434 at 6%.
Faztec Industries Inc. Cash Balance Plan-10$247,800$247,800$24,780iApproximate average salary by contribution assumption: employee only about $619,500 at 4% or $413,000 at 6%; with 50% employer match about $413,000 at 4% or $275,333 at 6%; with 100% employer match about $309,750 at 4% or $206,500 at 6%.
FAZTEC INDUSTRIES, INC. PROFIT SHARING PLAN-12$135,865$135,865$11,322iApproximate average salary by contribution assumption: employee only about $283,052 at 4% or $188,701 at 6%; with 50% employer match about $188,701 at 4% or $125,801 at 6%; with 100% employer match about $141,526 at 4% or $94,351 at 6%.
Faztec Industries Inc. | EIN 13-3797986 | 2024 Form 5500 Company Profile