Fagen, Inc. 401(k) Plan: Login, Facts & Contact Information

Fagen, Inc. 401(k) Plan Facts

Plan name
FAGEN, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FAGEN, INC.
Participants
1,062 (625 active employees)
Former employees with a balance
159
Plan assets
$29,448,633 at Dec 31, 2024
Average account balance
$71,826 across 410 accounts
Employer contributions
$459,664 in plan year 2024 (13% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1991
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.45 million went into the plan in contributions, $459,664 of it from the employer (13%).
  • $4.03 million was paid out to participants.
  • Investment and other income added $3.35 million.
  • Administrative expenses were $53,377, about $130 per account.

How the Fagen, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,151$30.7 million$450,966$1.65 million
20201,401$36.4 million$488,587$1.60 million
20211,228$41.0 million$539,981$3.15 million
20221,372$23.1 million$508,154$2.96 million
20231,051$26.8 million$466,367$2.13 million
20241,062$29.4 million$459,664$4.03 million

Fagen, Inc. 401(k) Contact Information

Phone
320-564-3324
Mailing address
501 W HWY 212, GRANITE FALLS MN 56241
Plan sponsor
FAGEN, INC.
Employer identification number (EIN)
41-1604605
Plan number
001

Questions about the Fagen, Inc. 401(k)

Does Fagen, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $459,664, 13% of all contributions.

Does the Fagen, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Fagen, Inc 401(k) plan?

1,062 participants at the start of plan year 2024, 625 of them active employees, and 159 former employees who still had money in the plan.

What is the average 401(k) balance at Fagen, Inc?

About $71,826 per account: $29.4 million in plan assets across 410 accounts with a balance at the end of plan year 2024.

Who manages the Fagen, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Fagen, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

Related Companies
Headquarter: ONE LOGAN SQUARE, SUITE 2000, PHILADELPHIA, PA, 19103
Headquarter: 201 W 5TH STREET, STE 1250, AUSTIN, TX, 78701
Headquarter: 5820 WESTOWN PKWY, WEST DES MOINES, IA, 502668223
Headquarter: 900 RIDGEBURY ROAD P.O. BOX 368, RIDGEFIELD, CT, 06877
Headquarter: HUMAN RESOURCES BENEFITS ADMIN 414 NICOLLET MALL, MINNEAPOLIS, MN, 55401