California › Educational services › 250 to 499 participants
Form 5500 statement · plan year 1 Jul 2020 to 30 Jun 2021
Fairmont Schools, Inc. 401(k) Profit Sharing Plan
Sponsored by Fairmont Schools, Inc., Anaheim, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Fairmont Schools, Inc. 401(k) Profit Sharing Plan is a 401(k) plan sponsored by Fairmont Schools, Inc. of Anaheim, California. For the plan year ending 30 Jun 2021 it reported 447 participants, 356 of them active, and net assets of $25.9M.
Net assets came to $36,610 per participant in plan year 2024, well below the $46,267 median for defined contribution plans with 500 to 999 participants and well below the $73,018 median for defined contribution plans in educational services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $82K during the year, or $229 per active participant against a same-size median of $1,934; participants contributed $1.1M and $11K arrived as rollovers and other contributions. Benefits paid out totalled $2.6M.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $135K: $302 per participant, close to the same-size median of $113. Administrative expenses charged to the plan were $93K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $6.6M in 2009 to $25.9M in 2025 (up 290%), and participants from 377 to 447 (up 19%).
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $36,610 | $46,267 | $73,018 | $53,102 |
| Employer contributions per active participant | $870 | $1,934 | $2,838 | $2,175 |
| Schedule C compensation per participant | $113 | $113 | $95.66 | $123 |
| Schedule C compensation, share of net assets | 0.31% | 0.25% | 0.13% | 0.26% |
| Administrative expenses per participant | $113 | $109 | $89.26 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), educational services (2,753) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 447 | $25.9M | $57,953 | $82K | $1.1M | $135K |
| 2024 | 889 | $32.5M | $36,611 | $675K | $1.6M | $101K |
| 2023 | 538 | $27.2M | $50,532 | $680K | $1.5M | $75K |
| 2022 | 543 | $24.0M | $44,138 | $517K | $1.3M | $147K |
| 2021 | 501 | $21.6M | $43,150 | $251K | $1.1M | $147K |
| 2020 | 421 | $20.1M | $47,857 | $286K | $1.0M | $38K |
| 2019 | 407 | $21.9M | $53,828 | $368K | $1.4M | $99K |
| 2017 | 414 | $17.9M | $43,138 | $310K | $1.1M | $33K |
| 2016 | 405 | $15.9M | $39,165 | $302K | $1.0M | $30K |
| 2015 | 410 | $13.4M | $32,795 | $295K | $1.1M | $14K |
| 2014 | 407 | $12.5M | $30,700 | $261K | $880K | $5,000 |
| 2013 | 404 | $11.2M | $27,686 | $228K | $740K | $7,000 |
| 2012 | 407 | $9.7M | $23,720 | $232K | $750K | $7,000 |
| 2011 | 406 | $8.2M | $20,222 | $220K | $720K | $16K |
| 2010 | 381 | $7.9M | $20,682 | $55K | $674K | $21K |
| 2009 | 377 | $6.6M | $17,615 | $52K | $659K | $19K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$21,907,813
- Employer contributions$81,701
- Participant contributions$1,124,177
- Rollovers and other contributions$11,160
- Total contributions$1,217,038
- Total income, including investment results$6,828,325
- Benefits paid$2,648,363
- Administrative expenses$93,012
- Total expenses$2,831,149
- Net income$3,997,176
- Net transfers$0
- Net assets, end of year$25,904,989
Participants
- Active participants356
- Retired or separated, receiving benefits4
- Retired or separated, entitled to future benefits87
- Participants with account balances281
- Total participants, end of year447
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Massachusetts Mutual Life Ins. Co. | Other services | $93,012 | $0 |
| SageView Advisory Group LLC | Investment advisory (plan) | $0 | $42,186 |
| American Funds | Investment management fees paid indirectly by plan | $0 | $0 |
| MFS Investment Management | Investment management fees paid indirectly by plan | $0 | $0 |
| Pgim Investments | Investment management fees paid indirectly by plan | $0 | $0 |
| Vanguard | Investment management fees paid indirectly by plan | $0 | $0 |
| Victory | Investment management fees paid indirectly by plan | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$87,848
- Contract administrator fees$5,164
- Total administrative expenses$93,012
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$21.1M · 81.5%
- Insurance company general account$4.6M · 17.9%
- Participant loans$143K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionNot stated
- Audit scope limited under ERISA section 103(a)(3)(C)—
- Participant contributions reported as transmitted late—
- Covered by a fidelity bondNo
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2FERISA section 404(c) plan2GTotal participant-directed account plan2KCode section 401(m) arrangement3DPre-approved pension plan2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 611000: Educational Services (including schools, colleges, & universities).
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Southern California University of Health Sciences Money Purchase Pension Plan | So Calif University of Health Sciences | 448 | $15.5M | $34,676 |
| The Head-Royce School 403(b) Plan | The Head-Royce School | 447 | $89.0M | $199,175 |
| Ucp of the North Bay, Inc. 403(b) Retirement Plan | United Cerebral Palsy of the North Bay, Inc. | 448 | $8.6M | $19,161 |
| Khan Academy, Inc. 401(k) Safe Harbor Plan | Khan Academy, Inc. | 445 | $41.4M | $92,935 |
| Roessler Chadwick Foundation DBA Chadwick School Retirement Plan | Roessler Chadwick Foundation | 453 | $63.5M | $140,085 |
| Oaks Christian School 403(b) Plan | Oaks Christian School | 443 | $40.9M | $92,386 |
Defined contribution plans in educational services closest in size.
Questions and answers
How big is Fairmont Schools, Inc. 401(k) Profit Sharing Plan?
447 participants at the end of the plan year ending 30 Jun 2021, of whom 356 were active employees, with net assets of $25,904,989. Among defined contribution plans that places it in the 250 to 499 participants band, which held 10,588 plans in plan year 2024.
What does Fairmont Schools, Inc. contribute per participant?
The filing reports $81,701 in employer contributions for the year, which is $229 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $135,198 in compensation to service provider organisations, $302 per participant or 0.52% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $93,012. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Fairmont Schools, Inc.. Recordkeeping or administration: Massachusetts Mutual Life Ins. Co.. Investment advisory or management: SageView Advisory Group LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing does not state an accountant's opinion type.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2020 to 30 Jun 2021, received by the Department of Labor on 15 May 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 95-3046467, plan 002, received 15 May 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.