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Original filing (PDF)20251014100354NAL0001200371001
FARRIS FAB. & MACHINE, INC.
Form 5500
FILING_RECEIVED
FARRIS FAB & MACHINE 401(K) PLAN
401(k) retirement plan
Signals · 2
~164 bps in Sched C feesNo recordkeeper disclosed
Active participants
137
Accounts w/ balance
170
Plan assets (EOY)
$1.4M
Net assets (EOY)
$1.4M
How this plan invests
This plan
12 pooled trusts
Schedule D
20 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 164 bps in Schedule C fees — 215% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FARRIS FAB. & MACHINE, INC..
Plan sponsor
Name
FARRIS FAB. & MACHINE, INC.
EIN
56-1241443
Address
1006 W ACADEMY ST · CHERRYVILLE, NC · 28021
Phone
(704) 629-4879
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2S · Automatic enrollment
2E · Profit-sharing
3D · Pre-approved plan (master / prototype / VS)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2F · ERISA section 404(c)
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
GREERWALKER LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ASCENSUS LLC | 11-3665754 | — | NONE | $22K | — |
| ONE DIGITAL INVESTMENT ADVISORS | — | OVERLAND PARK, KS | NONE | $1K | — |
Investments
10 direct securities · 12 pooled funds· $1.3M(91% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Common Collective Trust
$924K
12 holdings
Uncategorized
$342K
10 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Lord Abbett High Yield R6 Lord Abbett 0 17 Vanguard 500 Index Adm Vanguard 0 | — | — | — | $225K | 16.2% | |
| T. ROWE PRICE RETIREMENT 2050 TRUST T. ROWE PRICE · EIN 30-6303214 / PN 396 | Common Collective Trust | — | — | $167K | 12.0% | |
| T. ROWE PRICE RETIREMENT 2035 TRUST T. ROWE PRICE · EIN 36-7595013 / PN 387 | Common Collective Trust | — | — | $159K | 11.4% | |
| T. ROWE PRICE RETIREMENT 2030 TRUST T. ROWE PRICE · EIN 38-7010946 / PN 384 | Common Collective Trust | — | — | $154K | 11.1% | |
| T. ROWE PRICE RETIREMENT 2040 TRUST T. ROWE PRICE · EIN 35-6941729 / PN 390 | Common Collective Trust | — | — | $106K | 7.6% | |
| T. ROWE PRICE RETIREMENT 2055 TRUST T. ROWE PRICE · EIN 35-6941728 / PN 399 | Common Collective Trust | — | — | $103K | 7.4% | |
| T. ROWE PRICE RETIREMENT 2060 TRUST T. ROWE PRICE · EIN 47-1088316 / PN 363 | Common Collective Trust | — | — | $90K | 6.5% | |
| T. ROWE PRICE RETIREMENT 2045 TRUST T. ROWE PRICE · EIN 32-6199848 / PN 393 | Common Collective Trust | — | — | $82K | 5.9% | |
| T. ROWE PRICE RETIREMENT 2025 TRUST T. ROWE PRICE · EIN 37-6495447 / PN 381 | Common Collective Trust | — | — | $54K | 3.8% | |
| American Funds American Balanced R6 American Funds 0 | — | — | — | $22K | 1.6% | |
| American Century Growth R6 American Century 0 | — | — | — | $21K | 1.5% | |
| Macquarie Mid Cap Growth R6 Macquarie 0 | — | — | — | $20K | 1.4% | |
| Fidelity Mid Cap Index Fidelity 0 | — | — | — | $18K | 1.3% | |
| Cohen & Steers Real Estate Secs Z Cohen & Steers 0 29 DFA U.S. Targeted Value Portfolio I DFA 0 967 Federated Hermes Govt Obl PRM Federated 0 | — | — | — | $15K | 1.1% | |
| Vanguard Equity Income Adm Vanguard 0 | — | — | — | $10K | 0.7% | |
| Fidelity Small Cap Index Fidelity 0 | — | — | — | $8K | 0.6% | |
| T. ROWE PRICE RETIREMENT 2015 TRUST T. ROWE PRICE · EIN 35-6941654 / PN 375 | Common Collective Trust | — | — | $7K | 0.5% | |
| American Funds US Government Sec R6 American Funds 0 80 BlackRock Inflation Protected Bond K BlackRock 0 | — | — | — | $2K | 0.1% | |
| T. ROWE PRICE RETIREMENT 2020 TRUST T. ROWE PRICE · EIN 36-7594871 / PN 378 | Common Collective Trust | — | — | $2K | 0.1% | |
| Goldman Sachs Em Mkts Eq Insights R6 Goldman Sachs 0 | — | — | — | $1K | <0.1% | |
| T. ROWE PRICE RETIREMENT 2010 TRUST T. ROWE PRICE · EIN 32-6199795 / PN 372 | Common Collective Trust | — | — | $601 | <0.1% | |
| T. ROWE PRICE RETIREMENT 2005 TRUST T. ROWE PRICE · EIN 61-6434302 / PN 369 | Common Collective Trust | — | — | $60 | <0.1% |
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