Plan Ledger DOL Form 5500 · updated monthly

Fashion Institute of Design and Merchandising401(k)

FASHION INSTITUTE OF DESIGN AND MERCHANDISING 401(K) PLAN · LOS ANGELES, CA · plan year 2022

Reported admin expense ratio · 2022
0.36%

Fashion Institute of Design and Merchandising reported $114,712 in plan administrative expenses for 2022: 0.36% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.36% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other educational services employers. By assets it is the 2,815th-largest of 9,483 plans among California employers on file, and the 1,335th of 3,091 in educational services.

Plan summary
Net assets, end of year$28,194,748
Participants with balances138
Active participants430
Employer contributions—
Employee contributions$1,218,323
Employer contribution per active participant—
Average account balance$204,310
Benefits paid to participants$2,604,327
Plan auditUnmodified (clean) audit opinion
AuditorTURNER, WARREN, HWANG & CONRAD
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$24.0M · 166 accts
2022$28.2M · 138 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$114,712
Total administrative$114,712
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024Not separately reported
2023$98,510 · 0.38%
2022$114,712 · 0.36%
Similar plansEducational Services · California
The Pegasus School CA$30.0M · 0.10%
Sage Hill School CA$29.0M · 0.10%
Holy Names University CA$28.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952700597 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.