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Sponsor portfolio

FARRIS FAB & MACHINE

EIN 56-1241443-Latest filing 2025
Plans
2
Retirement
1
$1.4M assets
Welfare
1
$266K premiums
Participants
324
1006 W ACADEMY ST - CHERRYVILLE, NC 28021704-629-4879LinkedIn1-10 employees
Plans on this EIN
2 filings
#002401k-$1.4M - 182 part#501Mixed-$266K - 163 lives

Benefits portfolio analytics

1 plan / $266K premiums / 163 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Other$146K
  • Dental$68K
  • Short-term disability$36K
  • Vision$11K
  • Life$8K
  • Long-term disability$4K
Total $266K6 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
66%top
  • UNITED OF OMAHA LIFE INSURANCE COMPANY66%
  • UNUM LIFE INSURANCE COMPANY OF AMERICA30%
  • ROUTINE VISION4%
Total $266K3 slices

Broker market share

Schedule A broker compensation

Split broker
69%top
  • WATSON INSURANCE AGENCY INC69%
  • MAIDEN BENEFITS GROUP INC11%
  • JAMES RUSSELL BEAM10%
  • CHARLOTTE R SANTA CRUZ3%
  • KENNA S GEORGE3%
  • +3 more
Total $41K8 slices

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#002

FARRIS FAB & MACHINE 401(K) PLAN

401k

Assets$1.4M
Participants182
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

FARRIS FAB & MACHINE WELFARE BENEFIT PLAN

Mixed - COLONIAL LIFE & ACCIDENT INSURANCE COMPANY

Premiums$266K
Covered lives163
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans1

Plan #NameTypeAssetsParticipantsLatest year
002FARRIS FAB & MACHINE 401(K) PLAN401k$1.4M1822024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
501FARRIS FAB & MACHINE WELFARE BENEFIT PLANMixedCOLONIAL LIFE & ACCIDENT INSURANCE COMPANY$266K1632025
Retirement plans
Welfare plans
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