The Fairfax University of Americ401(k)
THE FAIRFAX UNIVERSITY OF AMERICA 401(K) PLAN · FAIRFAX, VA · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
The Fairfax University of Americ reported $4,646 in plan administrative expenses for 2022: 0.50% of average plan assets, below the peer median. Employer contributions averaged $705 per active participant. 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.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Virginia (2,182nd of 2,266), and 2,993rd of 3,091 in educational services. In 2022, employees put in $2.04 for every $1.00 the employer contributed.
The Fairfax University of Americ's 2022 employer contribution ran above the $331 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 541954969 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.