Plan Snapshot
- Plan Sponsor: Fairfield University
- Sponsor EIN: 060646623
- Sponsor Address: 1073 NORTH BENSON ROAD, FAIRFIELD, CT, 068245171
- Plan Type: 403(b)
- Plan Number: 001
- Total Participants: 2,212
- Total Assets: $550.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,212 | $550.9M | $0 | $0 |
| 2024 | 1,137 | $492.6M | $8.5M | $9.4M |
| 2023 | 1,178 | $451.5M | $7.7M | $8.6M |
| 2022 | 1,095 | $403.2M | $7.1M | $7.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| TEACHERS INSURANCE AND ANNUITY ASSO | Recordkeeper | $189,295 | — | $189,295 |
| FIDUCIENT ADVISORS | Other Service Provider | $68,501 | — | $68,501 |
| CLIFTONLARSONALLEN LLP | Other Service Provider | $20,895 | — | $20,895 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $278,691
- Estimated Expense Ratio: 0.051% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $33,985,668 | — | $276,091 | — | — |
| 2024 | $251,632 | — | $251,632 | — | — |
| 2023 | $265,746 | — | $265,746 | — | — |
| 2022 | $221,596 | — | $221,596 | — | — |