Civic Intelligence

Farris Fab & Machine

Plan context: Farris Fab & Machine 401(K) Plan

EIN 56-1241443 • Cherryville, NC • 25 filings • 6 plans

1006 W Academy StCherryville, NC 28021
Current Snapshot

Latest Year

2024

2024 Participants

142

2024 Assets

$1,392,092

2024 Contributions

$344,021

Historical Graphs

Total Assets Over Time

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

$1,392,092$696,046$0200820152024YearValue
$1,392,092Latest year 2024

Participants Over Time

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

2241120200720162024YearValue
142Latest 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
20242142$1,392,092$344,021$2,423iApproximate average salary by contribution assumption: employee only about $60,567 at 4% or $40,378 at 6%; with 50% employer match about $40,378 at 4% or $26,919 at 6%; with 100% employer match about $30,284 at 4% or $20,189 at 6%.
Farris Fab & Machine 401(K) Plan-137$1,392,092$344,021$2,511iApproximate average salary by contribution assumption: employee only about $62,778 at 4% or $41,852 at 6%; with 50% employer match about $41,852 at 4% or $27,901 at 6%; with 100% employer match about $31,389 at 4% or $20,926 at 6%.
Farris Fab & Machine Welfare Benefit Plan-142---
20232154$1,065,132$380,858$2,473iApproximate average salary by contribution assumption: employee only about $61,828 at 4% or $41,218 at 6%; with 50% employer match about $41,218 at 4% or $27,479 at 6%; with 100% employer match about $30,914 at 4% or $20,609 at 6%.
Farris Fab & Machine 401(K) Plan-154$1,065,132$380,858$2,473iApproximate average salary by contribution assumption: employee only about $61,828 at 4% or $41,218 at 6%; with 50% employer match about $41,218 at 4% or $27,479 at 6%; with 100% employer match about $30,914 at 4% or $20,609 at 6%.
Farris Fab & Machine Welfare Benefit Plan-153---
20222163$626,600$285,634$1,752iApproximate average salary by contribution assumption: employee only about $43,809 at 4% or $29,206 at 6%; with 50% employer match about $29,206 at 4% or $19,471 at 6%; with 100% employer match about $21,904 at 4% or $14,603 at 6%.
Farris Fab & Machine 401(K) Plan-151$626,600$285,634$1,892iApproximate average salary by contribution assumption: employee only about $47,290 at 4% or $31,527 at 6%; with 50% employer match about $31,527 at 4% or $21,018 at 6%; with 100% employer match about $23,645 at 4% or $15,763 at 6%.
Farris Fab & Machine Welfare Benefit Plan-163---
20212173$515,238$284,802$1,646iApproximate average salary by contribution assumption: employee only about $41,156 at 4% or $27,438 at 6%; with 50% employer match about $27,438 at 4% or $18,292 at 6%; with 100% employer match about $20,578 at 4% or $13,719 at 6%.
Farris Fab & Machine 401(K) Plan-154$515,238$284,802$1,849iApproximate average salary by contribution assumption: employee only about $46,234 at 4% or $30,823 at 6%; with 50% employer match about $30,823 at 4% or $20,548 at 6%; with 100% employer match about $23,117 at 4% or $15,411 at 6%.
Farris Fab & Machine Welfare Benefit Plan-173---
20202184$288,804$162,714$884iApproximate average salary by contribution assumption: employee only about $22,108 at 4% or $14,739 at 6%; with 50% employer match about $14,739 at 4% or $9,826 at 6%; with 100% employer match about $11,054 at 4% or $7,369 at 6%.
Farris Fab & Machine 401(K) Plan-184$288,804$162,714$884iApproximate average salary by contribution assumption: employee only about $22,108 at 4% or $14,739 at 6%; with 50% employer match about $14,739 at 4% or $9,826 at 6%; with 100% employer match about $11,054 at 4% or $7,369 at 6%.
Farris Fab & Machine Welfare Benefit Plan-166---
20192214$118,901$118,540$554iApproximate average salary by contribution assumption: employee only about $13,848 at 4% or $9,232 at 6%; with 50% employer match about $9,232 at 4% or $6,155 at 6%; with 100% employer match about $6,924 at 4% or $4,616 at 6%.
Farris Fab & Machine 401(K) Plan-169$118,901$118,540$701iApproximate average salary by contribution assumption: employee only about $17,536 at 4% or $11,690 at 6%; with 50% employer match about $11,690 at 4% or $7,794 at 6%; with 100% employer match about $8,768 at 4% or $5,845 at 6%.
Farris Fab & Machine Welfare Benefit Plan-214---
20181220$0$0-
Farris Fab & Machine Welfare Benefit Plan-220---
20171224$0$0-
Farris Fab & Machine Welfare Benefit Plan-224---
20161200$0$0-
Farris Fab & Machine Welfare Benefit Plan-200---
2015210$226,890$20,798$2,080iApproximate average salary by contribution assumption: employee only about $51,995 at 4% or $34,663 at 6%; with 50% employer match about $34,663 at 4% or $23,109 at 6%; with 100% employer match about $25,998 at 4% or $17,332 at 6%.
Farris Fab & Machine 401(K) Plan-10$226,890$20,798$2,080iApproximate average salary by contribution assumption: employee only about $51,995 at 4% or $34,663 at 6%; with 50% employer match about $34,663 at 4% or $23,109 at 6%; with 100% employer match about $25,998 at 4% or $17,332 at 6%.
Farris Fab & Machine 401(K) Plan-0$0--
201418$239,779$44,922$5,615iApproximate average salary by contribution assumption: employee only about $140,381 at 4% or $93,588 at 6%; with 50% employer match about $93,588 at 4% or $62,392 at 6%; with 100% employer match about $70,191 at 4% or $46,794 at 6%.
Farris Fab & Machine 401(K) Plan-8$239,779$44,922$5,615iApproximate average salary by contribution assumption: employee only about $140,381 at 4% or $93,588 at 6%; with 50% employer match about $93,588 at 4% or $62,392 at 6%; with 100% employer match about $70,191 at 4% or $46,794 at 6%.
2013111$188,215$46,299$4,209iApproximate average salary by contribution assumption: employee only about $105,225 at 4% or $70,150 at 6%; with 50% employer match about $70,150 at 4% or $46,767 at 6%; with 100% employer match about $52,613 at 4% or $35,075 at 6%.
Farris Fab & Machine 401(K) Plan-11$188,215$46,299$4,209iApproximate average salary by contribution assumption: employee only about $105,225 at 4% or $70,150 at 6%; with 50% employer match about $70,150 at 4% or $46,767 at 6%; with 100% employer match about $52,613 at 4% or $35,075 at 6%.
201219$124,443$45,257$5,029iApproximate average salary by contribution assumption: employee only about $125,714 at 4% or $83,809 at 6%; with 50% employer match about $83,809 at 4% or $55,873 at 6%; with 100% employer match about $62,857 at 4% or $41,905 at 6%.
Farris Fab & Machine 401(K) Plan-9$124,443$45,257$5,029iApproximate average salary by contribution assumption: employee only about $125,714 at 4% or $83,809 at 6%; with 50% employer match about $83,809 at 4% or $55,873 at 6%; with 100% employer match about $62,857 at 4% or $41,905 at 6%.
201117$109,309$27,446$3,921iApproximate average salary by contribution assumption: employee only about $98,021 at 4% or $65,348 at 6%; with 50% employer match about $65,348 at 4% or $43,565 at 6%; with 100% employer match about $49,011 at 4% or $32,674 at 6%.
Farris Fab & Machine 401(K) Plan-7$109,309$27,446$3,921iApproximate average salary by contribution assumption: employee only about $98,021 at 4% or $65,348 at 6%; with 50% employer match about $65,348 at 4% or $43,565 at 6%; with 100% employer match about $49,011 at 4% or $32,674 at 6%.
201017$89,055$15,862$2,266iApproximate average salary by contribution assumption: employee only about $56,650 at 4% or $37,767 at 6%; with 50% employer match about $37,767 at 4% or $25,178 at 6%; with 100% employer match about $28,325 at 4% or $18,883 at 6%.
Farris Fab & Machine 401(K) Plan-7$89,055$15,862$2,266iApproximate average salary by contribution assumption: employee only about $56,650 at 4% or $37,767 at 6%; with 50% employer match about $37,767 at 4% or $25,178 at 6%; with 100% employer match about $28,325 at 4% or $18,883 at 6%.
200918$69,799$23,242$2,905iApproximate average salary by contribution assumption: employee only about $72,631 at 4% or $48,421 at 6%; with 50% employer match about $48,421 at 4% or $32,281 at 6%; with 100% employer match about $36,316 at 4% or $24,210 at 6%.
Farris Fab & Machine 401(K) Plan-8$69,799$23,242$2,905iApproximate average salary by contribution assumption: employee only about $72,631 at 4% or $48,421 at 6%; with 50% employer match about $48,421 at 4% or $32,281 at 6%; with 100% employer match about $36,316 at 4% or $24,210 at 6%.
2008110$34,209$34,946$3,495iApproximate average salary by contribution assumption: employee only about $87,365 at 4% or $58,243 at 6%; with 50% employer match about $58,243 at 4% or $38,829 at 6%; with 100% employer match about $43,683 at 4% or $29,122 at 6%.
Farris Fab & Machine 401(K) Plan-10$34,209$34,946$3,495iApproximate average salary by contribution assumption: employee only about $87,365 at 4% or $58,243 at 6%; with 50% employer match about $58,243 at 4% or $38,829 at 6%; with 100% employer match about $43,683 at 4% or $29,122 at 6%.
2007110$0$0-
Farris Fab & Machine 401(K) Plan-10---