Civic Intelligence

Fai-Gon Electric, Inc.

Plan context: Fai-Gon Electric Inc. Profit Sharing Plan

EIN 22-2702489 • Piscataway, NJ • 45 filings • 5 plans

140 Eleventh StreetPiscataway, NJ 08854
Current Snapshot

Latest Year

2024

2024 Participants

2

2024 Assets

$1,514,521

2024 Contributions

$50,000

Historical Graphs

Total Assets Over Time

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

$5,925,909$2,962,955$0199920122024YearValue
$1,514,521Latest year 2024

Participants Over Time

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

320199920122024YearValue
2Latest 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
202412$1,514,521$50,000$25,000iApproximate average salary by contribution assumption: employee only about $625,000 at 4% or $416,667 at 6%; with 50% employer match about $416,667 at 4% or $277,778 at 6%; with 100% employer match about $312,500 at 4% or $208,333 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$1,514,521$50,000$25,000iApproximate average salary by contribution assumption: employee only about $625,000 at 4% or $416,667 at 6%; with 50% employer match about $416,667 at 4% or $277,778 at 6%; with 100% employer match about $312,500 at 4% or $208,333 at 6%.
202312$1,389,860$68,000$34,000iApproximate average salary by contribution assumption: employee only about $850,000 at 4% or $566,667 at 6%; with 50% employer match about $566,667 at 4% or $377,778 at 6%; with 100% employer match about $425,000 at 4% or $283,333 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$1,389,860$68,000$34,000iApproximate average salary by contribution assumption: employee only about $850,000 at 4% or $566,667 at 6%; with 50% employer match about $566,667 at 4% or $377,778 at 6%; with 100% employer match about $425,000 at 4% or $283,333 at 6%.
202212$1,457,778$0-
Fai-Gon Electric Inc. Profit Sharing Plan-2$1,457,778--
202113$1,618,074$42,900$14,300iApproximate average salary by contribution assumption: employee only about $357,500 at 4% or $238,333 at 6%; with 50% employer match about $238,333 at 4% or $158,889 at 6%; with 100% employer match about $178,750 at 4% or $119,167 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,618,074$42,900$14,300iApproximate average salary by contribution assumption: employee only about $357,500 at 4% or $238,333 at 6%; with 50% employer match about $238,333 at 4% or $158,889 at 6%; with 100% employer match about $178,750 at 4% or $119,167 at 6%.
202013$1,413,001$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,413,001$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
201923$5,925,909$525,000$175,000iApproximate average salary by contribution assumption: employee only about $4,375,000 at 4% or $2,916,667 at 6%; with 50% employer match about $2,916,667 at 4% or $1,944,444 at 6%; with 100% employer match about $2,187,500 at 4% or $1,458,333 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$3,843,096$500,000$250,000iApproximate average salary by contribution assumption: employee only about $6,250,000 at 4% or $4,166,667 at 6%; with 50% employer match about $4,166,667 at 4% or $2,777,778 at 6%; with 100% employer match about $3,125,000 at 4% or $2,083,333 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$2,082,813$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
201823$4,614,708$300,000$100,000iApproximate average salary by contribution assumption: employee only about $2,500,000 at 4% or $1,666,667 at 6%; with 50% employer match about $1,666,667 at 4% or $1,111,111 at 6%; with 100% employer match about $1,250,000 at 4% or $833,333 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$2,830,095$275,000$137,500iApproximate average salary by contribution assumption: employee only about $3,437,500 at 4% or $2,291,667 at 6%; with 50% employer match about $2,291,667 at 4% or $1,527,778 at 6%; with 100% employer match about $1,718,750 at 4% or $1,145,833 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,784,613$25,000$8,333iApproximate average salary by contribution assumption: employee only about $208,333 at 4% or $138,889 at 6%; with 50% employer match about $138,889 at 4% or $92,593 at 6%; with 100% employer match about $104,167 at 4% or $69,444 at 6%.
201723$4,614,082$300,000$100,000iApproximate average salary by contribution assumption: employee only about $2,500,000 at 4% or $1,666,667 at 6%; with 50% employer match about $1,666,667 at 4% or $1,111,111 at 6%; with 100% employer match about $1,250,000 at 4% or $833,333 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$2,756,448$261,000$130,500iApproximate average salary by contribution assumption: employee only about $3,262,500 at 4% or $2,175,000 at 6%; with 50% employer match about $2,175,000 at 4% or $1,450,000 at 6%; with 100% employer match about $1,631,250 at 4% or $1,087,500 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,857,634$39,000$13,000iApproximate average salary by contribution assumption: employee only about $325,000 at 4% or $216,667 at 6%; with 50% employer match about $216,667 at 4% or $144,444 at 6%; with 100% employer match about $162,500 at 4% or $108,333 at 6%.
201623$3,852,604$384,300$128,100iApproximate average salary by contribution assumption: employee only about $3,202,500 at 4% or $2,135,000 at 6%; with 50% employer match about $2,135,000 at 4% or $1,423,333 at 6%; with 100% employer match about $1,601,250 at 4% or $1,067,500 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$2,215,897$345,000$172,500iApproximate average salary by contribution assumption: employee only about $4,312,500 at 4% or $2,875,000 at 6%; with 50% employer match about $2,875,000 at 4% or $1,916,667 at 6%; with 100% employer match about $2,156,250 at 4% or $1,437,500 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,636,707$39,300$13,100iApproximate average salary by contribution assumption: employee only about $327,500 at 4% or $218,333 at 6%; with 50% employer match about $218,333 at 4% or $145,556 at 6%; with 100% employer match about $163,750 at 4% or $109,167 at 6%.
201523$3,240,467$200,000$66,667iApproximate average salary by contribution assumption: employee only about $1,666,667 at 4% or $1,111,111 at 6%; with 50% employer match about $1,111,111 at 4% or $740,741 at 6%; with 100% employer match about $833,333 at 4% or $555,556 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$1,741,753$91,900$45,950iApproximate average salary by contribution assumption: employee only about $1,148,750 at 4% or $765,833 at 6%; with 50% employer match about $765,833 at 4% or $510,556 at 6%; with 100% employer match about $574,375 at 4% or $382,917 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,498,714$108,100$36,033iApproximate average salary by contribution assumption: employee only about $900,833 at 4% or $600,556 at 6%; with 50% employer match about $600,556 at 4% or $400,370 at 6%; with 100% employer match about $450,417 at 4% or $300,278 at 6%.
201423$3,120,498$196,500$65,500iApproximate average salary by contribution assumption: employee only about $1,637,500 at 4% or $1,091,667 at 6%; with 50% employer match about $1,091,667 at 4% or $727,778 at 6%; with 100% employer match about $818,750 at 4% or $545,833 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$1,740,142$89,000$44,500iApproximate average salary by contribution assumption: employee only about $1,112,500 at 4% or $741,667 at 6%; with 50% employer match about $741,667 at 4% or $494,444 at 6%; with 100% employer match about $556,250 at 4% or $370,833 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,380,356$107,500$35,833iApproximate average salary by contribution assumption: employee only about $895,833 at 4% or $597,222 at 6%; with 50% employer match about $597,222 at 4% or $398,148 at 6%; with 100% employer match about $447,917 at 4% or $298,611 at 6%.
201323$2,802,874$194,370$64,790iApproximate average salary by contribution assumption: employee only about $1,619,750 at 4% or $1,079,833 at 6%; with 50% employer match about $1,079,833 at 4% or $719,889 at 6%; with 100% employer match about $809,875 at 4% or $539,917 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$1,581,374$135,000$67,500iApproximate average salary by contribution assumption: employee only about $1,687,500 at 4% or $1,125,000 at 6%; with 50% employer match about $1,125,000 at 4% or $750,000 at 6%; with 100% employer match about $843,750 at 4% or $562,500 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,221,500$59,370$19,790iApproximate average salary by contribution assumption: employee only about $494,750 at 4% or $329,833 at 6%; with 50% employer match about $329,833 at 4% or $219,889 at 6%; with 100% employer match about $247,375 at 4% or $164,917 at 6%.
201223$2,359,249$190,650$63,550iApproximate average salary by contribution assumption: employee only about $1,588,750 at 4% or $1,059,167 at 6%; with 50% employer match about $1,059,167 at 4% or $706,111 at 6%; with 100% employer match about $794,375 at 4% or $529,583 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$1,300,295$125,000$62,500iApproximate average salary by contribution assumption: employee only about $1,562,500 at 4% or $1,041,667 at 6%; with 50% employer match about $1,041,667 at 4% or $694,444 at 6%; with 100% employer match about $781,250 at 4% or $520,833 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$1,058,954$65,650$21,883iApproximate average salary by contribution assumption: employee only about $547,083 at 4% or $364,722 at 6%; with 50% employer match about $364,722 at 4% or $243,148 at 6%; with 100% employer match about $273,542 at 4% or $182,361 at 6%.
201123$1,951,734$186,000$62,000iApproximate average salary by contribution assumption: employee only about $1,550,000 at 4% or $1,033,333 at 6%; with 50% employer match about $1,033,333 at 4% or $688,889 at 6%; with 100% employer match about $775,000 at 4% or $516,667 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$1,047,457$125,000$62,500iApproximate average salary by contribution assumption: employee only about $1,562,500 at 4% or $1,041,667 at 6%; with 50% employer match about $1,041,667 at 4% or $694,444 at 6%; with 100% employer match about $781,250 at 4% or $520,833 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$904,277$61,000$20,333iApproximate average salary by contribution assumption: employee only about $508,333 at 4% or $338,889 at 6%; with 50% employer match about $338,889 at 4% or $225,926 at 6%; with 100% employer match about $254,167 at 4% or $169,444 at 6%.
201023$1,792,222$170,000$56,667iApproximate average salary by contribution assumption: employee only about $1,416,667 at 4% or $944,444 at 6%; with 50% employer match about $944,444 at 4% or $629,630 at 6%; with 100% employer match about $708,333 at 4% or $472,222 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$943,659$135,000$67,500iApproximate average salary by contribution assumption: employee only about $1,687,500 at 4% or $1,125,000 at 6%; with 50% employer match about $1,125,000 at 4% or $750,000 at 6%; with 100% employer match about $843,750 at 4% or $562,500 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$848,563$35,000$11,667iApproximate average salary by contribution assumption: employee only about $291,667 at 4% or $194,444 at 6%; with 50% employer match about $194,444 at 4% or $129,630 at 6%; with 100% employer match about $145,833 at 4% or $97,222 at 6%.
200923$1,457,387$160,000$53,333iApproximate average salary by contribution assumption: employee only about $1,333,333 at 4% or $888,889 at 6%; with 50% employer match about $888,889 at 4% or $592,593 at 6%; with 100% employer match about $666,667 at 4% or $444,444 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$739,435$30,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$717,952$130,000$65,000iApproximate average salary by contribution assumption: employee only about $1,625,000 at 4% or $1,083,333 at 6%; with 50% employer match about $1,083,333 at 4% or $722,222 at 6%; with 100% employer match about $812,500 at 4% or $541,667 at 6%.
200823$1,078,176$133,099$44,366iApproximate average salary by contribution assumption: employee only about $1,109,158 at 4% or $739,439 at 6%; with 50% employer match about $739,439 at 4% or $492,959 at 6%; with 100% employer match about $554,579 at 4% or $369,719 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$608,692$3,217$1,072iApproximate average salary by contribution assumption: employee only about $26,808 at 4% or $17,872 at 6%; with 50% employer match about $17,872 at 4% or $11,915 at 6%; with 100% employer match about $13,404 at 4% or $8,936 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$469,484$129,882$64,941iApproximate average salary by contribution assumption: employee only about $1,623,525 at 4% or $1,082,350 at 6%; with 50% employer match about $1,082,350 at 4% or $721,567 at 6%; with 100% employer match about $811,763 at 4% or $541,175 at 6%.
200723$0$0-
Fai-Gon Electric Inc. Profit Sharing Plan-3---
Fai-Gon Electric Inc. Cash Balance Plan-2---
200623$1,074,742$134,271$44,757iApproximate average salary by contribution assumption: employee only about $1,118,925 at 4% or $745,950 at 6%; with 50% employer match about $745,950 at 4% or $497,300 at 6%; with 100% employer match about $559,463 at 4% or $372,975 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$736,327$3,247$1,082iApproximate average salary by contribution assumption: employee only about $27,058 at 4% or $18,039 at 6%; with 50% employer match about $18,039 at 4% or $12,026 at 6%; with 100% employer match about $13,529 at 4% or $9,019 at 6%.
Fai-Gon Electric Inc. Cash Balance Plan-2$338,415$131,024$65,512iApproximate average salary by contribution assumption: employee only about $1,637,800 at 4% or $1,091,867 at 6%; with 50% employer match about $1,091,867 at 4% or $727,911 at 6%; with 100% employer match about $818,900 at 4% or $545,933 at 6%.
200523$838,073$131,826$43,942iApproximate average salary by contribution assumption: employee only about $1,098,550 at 4% or $732,367 at 6%; with 50% employer match about $732,367 at 4% or $488,244 at 6%; with 100% employer match about $549,275 at 4% or $366,183 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$659,092$2,850$950iApproximate average salary by contribution assumption: employee only about $23,750 at 4% or $15,833 at 6%; with 50% employer match about $15,833 at 4% or $10,556 at 6%; with 100% employer match about $11,875 at 4% or $7,917 at 6%.
Fai-Gon Electric Inc. Money Purchase Plan-2$178,981$128,976$64,488iApproximate average salary by contribution assumption: employee only about $1,612,200 at 4% or $1,074,800 at 6%; with 50% employer match about $1,074,800 at 4% or $716,533 at 6%; with 100% employer match about $806,100 at 4% or $537,400 at 6%.
200423$665,129$83,334$27,778iApproximate average salary by contribution assumption: employee only about $694,450 at 4% or $462,967 at 6%; with 50% employer match about $462,967 at 4% or $308,644 at 6%; with 100% employer match about $347,225 at 4% or $231,483 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-3$624,158$43,334$14,445iApproximate average salary by contribution assumption: employee only about $361,117 at 4% or $240,744 at 6%; with 50% employer match about $240,744 at 4% or $160,496 at 6%; with 100% employer match about $180,558 at 4% or $120,372 at 6%.
Fai-Gon Electric Inc. Money Purchase Plan-2$40,971$40,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
200312$525,427$77,557$38,779iApproximate average salary by contribution assumption: employee only about $969,463 at 4% or $646,308 at 6%; with 50% employer match about $646,308 at 4% or $430,872 at 6%; with 100% employer match about $484,731 at 4% or $323,154 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$525,427$77,557$38,779iApproximate average salary by contribution assumption: employee only about $969,463 at 4% or $646,308 at 6%; with 50% employer match about $646,308 at 4% or $430,872 at 6%; with 100% employer match about $484,731 at 4% or $323,154 at 6%.
200212$352,853$69,086$34,543iApproximate average salary by contribution assumption: employee only about $863,575 at 4% or $575,717 at 6%; with 50% employer match about $575,717 at 4% or $383,811 at 6%; with 100% employer match about $431,788 at 4% or $287,858 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$352,853$69,086$34,543iApproximate average salary by contribution assumption: employee only about $863,575 at 4% or $575,717 at 6%; with 50% employer match about $575,717 at 4% or $383,811 at 6%; with 100% employer match about $431,788 at 4% or $287,858 at 6%.
200122$365,083$70,000$35,000iApproximate average salary by contribution assumption: employee only about $875,000 at 4% or $583,333 at 6%; with 50% employer match about $583,333 at 4% or $388,889 at 6%; with 100% employer match about $437,500 at 4% or $291,667 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$365,083$41,920$20,960iApproximate average salary by contribution assumption: employee only about $524,000 at 4% or $349,333 at 6%; with 50% employer match about $349,333 at 4% or $232,889 at 6%; with 100% employer match about $262,000 at 4% or $174,667 at 6%.
Fai-Gon Electric Inc. Money Purchase Plan-0-$28,080-
200022$300,307$60,000$30,000iApproximate average salary by contribution assumption: employee only about $750,000 at 4% or $500,000 at 6%; with 50% employer match about $500,000 at 4% or $333,333 at 6%; with 100% employer match about $375,000 at 4% or $250,000 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$265,692$31,400$15,700iApproximate average salary by contribution assumption: employee only about $392,500 at 4% or $261,667 at 6%; with 50% employer match about $261,667 at 4% or $174,444 at 6%; with 100% employer match about $196,250 at 4% or $130,833 at 6%.
Fai-Gon Electric Inc. Money Purchase Plan-2$34,615$28,600$14,300iApproximate average salary by contribution assumption: employee only about $357,500 at 4% or $238,333 at 6%; with 50% employer match about $238,333 at 4% or $158,889 at 6%; with 100% employer match about $178,750 at 4% or $119,167 at 6%.
199922$396,128$31,620$15,810iApproximate average salary by contribution assumption: employee only about $395,250 at 4% or $263,500 at 6%; with 50% employer match about $263,500 at 4% or $175,667 at 6%; with 100% employer match about $197,625 at 4% or $131,750 at 6%.
Fai-Gon Electric Inc. Profit Sharing Plan-2$373,972$14,460$7,230iApproximate average salary by contribution assumption: employee only about $180,750 at 4% or $120,500 at 6%; with 50% employer match about $120,500 at 4% or $80,333 at 6%; with 100% employer match about $90,375 at 4% or $60,250 at 6%.
Fai-Gon Electric Inc. Money Purchase Plan-2$22,156$17,160$8,580iApproximate average salary by contribution assumption: employee only about $214,500 at 4% or $143,000 at 6%; with 50% employer match about $143,000 at 4% or $95,333 at 6%; with 100% employer match about $107,250 at 4% or $71,500 at 6%.