# Faber Construction, INC. 401(k) Plan
Source: https://planprovider.pro/companies/faber-construction-inc-401k-plan

> Faber Construction, INC.'s 401(k) plan: 155 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Faber Construction, INC.

- **Sponsor EIN:** 911507485

- **Sponsor Address:** 6951 HANNEGAN ROAD, LYNDEN, WA, 98264

- **Plan Type:** 401(k)

- **Total Participants:** 155

- **Total Assets:** $11.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|155|$11.6M|$1.4M|$440,422|

| 2023|142|$9.2M|$1.4M|$274,584|

| 2022|105|$6.3M|$1.1M|$240,437|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| NEWMAN TOWN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [NEWMAN TOWN, PLLC](https://planprovider.pro/provider/newman-town-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$76,501|$42,528|$20,628|—|—|

| 2023|$62,216|$35,698|$15,178|—|—|

| 2022|$51,718|$28,493|$12,321|—|$10,904|

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