The Faison Center, Inc. 401(k) Plan: Login, Facts & Contact Information

The Faison Center, Inc. 401(k) Plan Facts

Plan name
THE FAISON CENTER, INC. EMPLOYEES' RETIREMENT PLAN
Plan type
401(k) and profit sharing
Plan sponsor
THE FAISON CENTER, INC.
Participants
459 (298 active employees)
Former employees with a balance
256
Plan assets
$5,252,121 at Dec 31, 2024
Average account balance
$11,671 across 450 accounts
Employer contributions
$376,022 in plan year 2024 (61% of all contributions)
Recordkeeper
Nationwide Life Ins Co
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 1, 2010
— 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

  • $618,328 went into the plan in contributions, $376,022 of it from the employer (61%).
  • $321,286 was paid out to participants.
  • Investment and other income added $568,354.
  • Administrative expenses were $20,552, about $46 per account.

How the The Faison Center, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019334$3.12 million$335,356$138,260
2020400$4.08 million$304,585$239,796
2021397$4.43 million$284,781$798,458
2022395$3.83 million$292,760$473,032
2023415$4.41 million$366,596$637,420
2024459$5.25 million$376,022$321,286

The Faison Center, Inc. 401(k) Contact Information

Phone
804-612-1947
Mailing address
5311 MARKEL ROAD, RICHMOND VA 23230
Plan sponsor
THE FAISON CENTER, INC.
Employer identification number (EIN)
03-0387451
Plan number
001

Questions about the The Faison Center, Inc. 401(k)

Does The Faison Center, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $376,022 in employer contributions for plan year 2024.

Does the The Faison Center, Inc 401(k) have automatic enrollment?

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

How many people are in the The Faison Center, Inc 401(k) plan?

459 participants at the start of plan year 2024, 298 of them active employees, and 256 former employees who still had money in the plan.

What is the average 401(k) balance at The Faison Center, Inc?

About $11,671 per account: $5.25 million in plan assets across 450 accounts with a balance at the end of plan year 2024.

Who manages the The Faison Center, Inc 401(k) accounts?

Nationwide (listed on the filing as NATIONWIDE LIFE INS CO) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Nationwide 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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