Fairmont Schools, Inc. 401(k) Review & Grade
Isp Private Schools 401(k) Profit Sharing Plan
Anaheim, CAEducational Services592 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,139Employer $ per active participant
$2,698Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$32.5MNet plan assets, end of year
$75,165Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 36th |
| Employee saving | 52th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($238,607 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Fairmont Schools put in about $1,139 per active participant, below the typical peer ($1,225). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $674,765 |
| Participant (employee) contributions | $1,598,701 |
| Other contributions (incl. rollovers in) | $1,189,321 |
| Administrative expenses paid from the plan | $100,876 |
| Investment advisory & management fees | $73,374 |
| Benefits paid out | $1,537,921 |
| Net assets, start / end of year | $27.2M / $32.5M |
| Active participants, start / end of year | 409 / 776 |
| Participants with account balances | 433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Baldwin Group Wealth Advisors L | $73,374 reported compensation |
| Empower Annuity Insurance Company O | $27,502 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260921162409NAL0011140547001, received 2026-09-21, EIN 95-3046467, plan #002, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.