Civic Intelligence

Fai Wealth Management

Plan context: Financial Advantage Inc. 401(K) Profit Sharing Plan

EIN 52-1534205 • Columbia, MD • 19 filings • 2 plans

10211 Wincopin CircleSuite 220Columbia, MD 21044
Current Snapshot

Latest Year

2023

2023 Participants

8

2023 Assets

$3,626,385

2023 Contributions

$196,795

Historical Graphs

Total Assets Over Time

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

$3,864,924$1,932,462$0200520142022YearValue
$3,626,385Latest year 2022

Participants Over Time

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

1260200520142022YearValue
8Latest year 2022

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
202310$0$0-
Financial Advantage Inc. 401(K) Profit Sharing Plan-0$0--
202218$3,626,385$196,795$24,599iApproximate average salary by contribution assumption: employee only about $614,984 at 4% or $409,990 at 6%; with 50% employer match about $409,990 at 4% or $273,326 at 6%; with 100% employer match about $307,492 at 4% or $204,995 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-8$3,626,385$196,795$24,599iApproximate average salary by contribution assumption: employee only about $614,984 at 4% or $409,990 at 6%; with 50% employer match about $409,990 at 4% or $273,326 at 6%; with 100% employer match about $307,492 at 4% or $204,995 at 6%.
202119$3,864,924$208,880$23,209iApproximate average salary by contribution assumption: employee only about $580,222 at 4% or $386,815 at 6%; with 50% employer match about $386,815 at 4% or $257,877 at 6%; with 100% employer match about $290,111 at 4% or $193,407 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-9$3,864,924$208,880$23,209iApproximate average salary by contribution assumption: employee only about $580,222 at 4% or $386,815 at 6%; with 50% employer match about $386,815 at 4% or $257,877 at 6%; with 100% employer match about $290,111 at 4% or $193,407 at 6%.
2020110$3,491,123$220,418$22,042iApproximate average salary by contribution assumption: employee only about $551,045 at 4% or $367,363 at 6%; with 50% employer match about $367,363 at 4% or $244,909 at 6%; with 100% employer match about $275,523 at 4% or $183,682 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-10$3,491,123$220,418$22,042iApproximate average salary by contribution assumption: employee only about $551,045 at 4% or $367,363 at 6%; with 50% employer match about $367,363 at 4% or $244,909 at 6%; with 100% employer match about $275,523 at 4% or $183,682 at 6%.
2019112$3,450,504$228,204$19,017iApproximate average salary by contribution assumption: employee only about $475,425 at 4% or $316,950 at 6%; with 50% employer match about $316,950 at 4% or $211,300 at 6%; with 100% employer match about $237,713 at 4% or $158,475 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-12$3,450,504$228,204$19,017iApproximate average salary by contribution assumption: employee only about $475,425 at 4% or $316,950 at 6%; with 50% employer match about $316,950 at 4% or $211,300 at 6%; with 100% employer match about $237,713 at 4% or $158,475 at 6%.
2018111$2,798,634$219,637$19,967iApproximate average salary by contribution assumption: employee only about $499,175 at 4% or $332,783 at 6%; with 50% employer match about $332,783 at 4% or $221,856 at 6%; with 100% employer match about $249,588 at 4% or $166,392 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$2,798,634$219,637$19,967iApproximate average salary by contribution assumption: employee only about $499,175 at 4% or $332,783 at 6%; with 50% employer match about $332,783 at 4% or $221,856 at 6%; with 100% employer match about $249,588 at 4% or $166,392 at 6%.
2017111$3,211,163$325,506$29,591iApproximate average salary by contribution assumption: employee only about $739,786 at 4% or $493,191 at 6%; with 50% employer match about $493,191 at 4% or $328,794 at 6%; with 100% employer match about $369,893 at 4% or $246,595 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$3,211,163$325,506$29,591iApproximate average salary by contribution assumption: employee only about $739,786 at 4% or $493,191 at 6%; with 50% employer match about $493,191 at 4% or $328,794 at 6%; with 100% employer match about $369,893 at 4% or $246,595 at 6%.
2016111$2,961,366$246,996$22,454iApproximate average salary by contribution assumption: employee only about $561,355 at 4% or $374,236 at 6%; with 50% employer match about $374,236 at 4% or $249,491 at 6%; with 100% employer match about $280,677 at 4% or $187,118 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$2,961,366$246,996$22,454iApproximate average salary by contribution assumption: employee only about $561,355 at 4% or $374,236 at 6%; with 50% employer match about $374,236 at 4% or $249,491 at 6%; with 100% employer match about $280,677 at 4% or $187,118 at 6%.
2015111$2,528,207$660,335$60,030iApproximate average salary by contribution assumption: employee only about $1,500,761 at 4% or $1,000,508 at 6%; with 50% employer match about $1,000,508 at 4% or $667,005 at 6%; with 100% employer match about $750,381 at 4% or $500,254 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$2,528,207$660,335$60,030iApproximate average salary by contribution assumption: employee only about $1,500,761 at 4% or $1,000,508 at 6%; with 50% employer match about $1,000,508 at 4% or $667,005 at 6%; with 100% employer match about $750,381 at 4% or $500,254 at 6%.
2014111$1,966,333$178,393$16,218iApproximate average salary by contribution assumption: employee only about $405,439 at 4% or $270,292 at 6%; with 50% employer match about $270,292 at 4% or $180,195 at 6%; with 100% employer match about $202,719 at 4% or $135,146 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$1,966,333$178,393$16,218iApproximate average salary by contribution assumption: employee only about $405,439 at 4% or $270,292 at 6%; with 50% employer match about $270,292 at 4% or $180,195 at 6%; with 100% employer match about $202,719 at 4% or $135,146 at 6%.
2013110$2,275,382$241,710$24,171iApproximate average salary by contribution assumption: employee only about $604,275 at 4% or $402,850 at 6%; with 50% employer match about $402,850 at 4% or $268,567 at 6%; with 100% employer match about $302,138 at 4% or $201,425 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-10$2,275,382$241,710$24,171iApproximate average salary by contribution assumption: employee only about $604,275 at 4% or $402,850 at 6%; with 50% employer match about $402,850 at 4% or $268,567 at 6%; with 100% employer match about $302,138 at 4% or $201,425 at 6%.
2012110$1,902,653$253,015$25,302iApproximate average salary by contribution assumption: employee only about $632,538 at 4% or $421,692 at 6%; with 50% employer match about $421,692 at 4% or $281,128 at 6%; with 100% employer match about $316,269 at 4% or $210,846 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-10$1,902,653$253,015$25,302iApproximate average salary by contribution assumption: employee only about $632,538 at 4% or $421,692 at 6%; with 50% employer match about $421,692 at 4% or $281,128 at 6%; with 100% employer match about $316,269 at 4% or $210,846 at 6%.
2011111$1,336,889$219,333$19,939iApproximate average salary by contribution assumption: employee only about $498,484 at 4% or $332,323 at 6%; with 50% employer match about $332,323 at 4% or $221,548 at 6%; with 100% employer match about $249,242 at 4% or $166,161 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-11$1,336,889$219,333$19,939iApproximate average salary by contribution assumption: employee only about $498,484 at 4% or $332,323 at 6%; with 50% employer match about $332,323 at 4% or $221,548 at 6%; with 100% employer match about $249,242 at 4% or $166,161 at 6%.
2010110$1,100,234$702,036$70,204iApproximate average salary by contribution assumption: employee only about $1,755,090 at 4% or $1,170,060 at 6%; with 50% employer match about $1,170,060 at 4% or $780,040 at 6%; with 100% employer match about $877,545 at 4% or $585,030 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-10$1,100,234$702,036$70,204iApproximate average salary by contribution assumption: employee only about $1,755,090 at 4% or $1,170,060 at 6%; with 50% employer match about $1,170,060 at 4% or $780,040 at 6%; with 100% employer match about $877,545 at 4% or $585,030 at 6%.
200917$493,765$86,168$12,310iApproximate average salary by contribution assumption: employee only about $307,743 at 4% or $205,162 at 6%; with 50% employer match about $205,162 at 4% or $136,775 at 6%; with 100% employer match about $153,871 at 4% or $102,581 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-7$493,765$86,168$12,310iApproximate average salary by contribution assumption: employee only about $307,743 at 4% or $205,162 at 6%; with 50% employer match about $205,162 at 4% or $136,775 at 6%; with 100% employer match about $153,871 at 4% or $102,581 at 6%.
200815$337,932$97,697$19,539iApproximate average salary by contribution assumption: employee only about $488,485 at 4% or $325,657 at 6%; with 50% employer match about $325,657 at 4% or $217,104 at 6%; with 100% employer match about $244,243 at 4% or $162,828 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-5$337,932$97,697$19,539iApproximate average salary by contribution assumption: employee only about $488,485 at 4% or $325,657 at 6%; with 50% employer match about $325,657 at 4% or $217,104 at 6%; with 100% employer match about $244,243 at 4% or $162,828 at 6%.
200715$378,636$140,520$28,104iApproximate average salary by contribution assumption: employee only about $702,600 at 4% or $468,400 at 6%; with 50% employer match about $468,400 at 4% or $312,267 at 6%; with 100% employer match about $351,300 at 4% or $234,200 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-5$378,636$140,520$28,104iApproximate average salary by contribution assumption: employee only about $702,600 at 4% or $468,400 at 6%; with 50% employer match about $468,400 at 4% or $312,267 at 6%; with 100% employer match about $351,300 at 4% or $234,200 at 6%.
200616$242,034$127,925$21,321iApproximate average salary by contribution assumption: employee only about $533,021 at 4% or $355,347 at 6%; with 50% employer match about $355,347 at 4% or $236,898 at 6%; with 100% employer match about $266,510 at 4% or $177,674 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-6$242,034$127,925$21,321iApproximate average salary by contribution assumption: employee only about $533,021 at 4% or $355,347 at 6%; with 50% employer match about $355,347 at 4% or $236,898 at 6%; with 100% employer match about $266,510 at 4% or $177,674 at 6%.
200514$108,571$107,591$26,898iApproximate average salary by contribution assumption: employee only about $672,444 at 4% or $448,296 at 6%; with 50% employer match about $448,296 at 4% or $298,864 at 6%; with 100% employer match about $336,222 at 4% or $224,148 at 6%.
Financial Advantage Inc. 401(K) Profit Sharing Plan-4$108,571$107,591$26,898iApproximate average salary by contribution assumption: employee only about $672,444 at 4% or $448,296 at 6%; with 50% employer match about $448,296 at 4% or $298,864 at 6%; with 100% employer match about $336,222 at 4% or $224,148 at 6%.