# Faro Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/faro-services-inc-401k-plan

> Faro Services, INC.'s 401(k) plan: 1,060 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Faro Services, INC.

- **Sponsor EIN:** 311379444

- **Sponsor Address:** 7070 PONTIUS ROAD, GROVEPORT, OH, 43125

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

- **Total Participants:** 1,060

- **Total Assets:** $5.2M

## 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|1,060|$5.2M|$0|$135,872|

| 2023|330|$4.6M|$2,548|$323,131|

| 2022|356|$3.8M|$0|$137,528|

## 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|

| ONEDIGITAL INVESTMENT ADVISORS LLC|ADVISOR|$11,496|—|$11,496|

| MCCURDY & ASSOCIATES, INC.|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [ONEDIGITAL INVESTMENT ADVISORS LLC](https://planprovider.pro/provider/epic-retirement-plan-services) — ADVISOR

- [MCCURDY & ASSOCIATES, INC.](https://planprovider.pro/provider/mccurdy-and-associates-inc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $11,496

- **Estimated Expense Ratio:** 0.223% of plan assets

### 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|$12,620|$11,496|—|—|—|

| 2023|$126,220|—|$874|—|—|

| 2022|$854|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/faro-services-inc-401k-plan)

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