Plan Snapshot
- Plan Sponsor: Fastenal Company & Subsidiaries
- Sponsor EIN: 410948415
- Sponsor Address: 2001 THEURER BOULEVARD, WINONA, MN, 55987
- Plan Type: 401(k)
- Total Participants: 17,820
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 17,820 | $1.1B | $19.7M | $58.4M |
| 2023 | 17,512 | $919.4M | $21.9M | $56.1M |
| 2022 | 16,898 | $710.8M | $20.9M | $54.0M |
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 |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — 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 | $560,002 | $17,401 | — | — | — |
| 2023 | $767,057 | $16,363 | — | — | — |
| 2022 | $691,542 | — | — | — | — |