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

Faro Technologies, Inc. 401(k) Plan Facts

Plan name
FARO 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
FARO TECHNOLOGIES, INC.
Participants
700 (400 active employees)
Former employees with a balance
289
Plan assets
$74,301,567 at Dec 31, 2024
Average account balance
$108,628 across 684 accounts
Employer contributions
$1,571,323 in plan year 2024 (20% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1996
— 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.98 million went into the plan in contributions, $1.57 million of it from the employer (20%).
  • $7.28 million was paid out to participants.
  • Investment and other income added $9.08 million.
  • Administrative expenses were $234,937, about $343 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019852$55.7 million$2.06 million$6.75 million
2020870$61.2 million$1.72 million$7.98 million
2021757$68.5 million$1.62 million$8.86 million
2022776$58.6 million$1.75 million$4.81 million
2023768$64.8 million$1.67 million$11.4 million
2024700$74.3 million$1.57 million$7.28 million

Faro Technologies, Inc. 401(k) Contact Information

Phone
407-333-9911
Mailing address
125 TECHNOLOGY PARK, LAKE MARY FL 32746
Plan sponsor
FARO TECHNOLOGIES, INC.
Employer identification number (EIN)
59-3157093
Plan number
001

Questions about the Faro Technologies, Inc. 401(k)

Does Faro Technologies, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $1.57 million in employer contributions for plan year 2024.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

700 participants at the start of plan year 2024, 400 of them active employees, and 289 former employees who still had money in the plan.

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

About $108,628 per account: $74.3 million in plan assets across 684 accounts with a balance at the end of plan year 2024.

Who manages the Faro Technologies, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Fidelity NetBenefits 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.

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