Fairbanks Morse 401(k) match, vesting and fees
What Fairbanks Morse's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Grant Thornton, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Fairbanks Morse: employer contribution per participant | $4,351 | |
| Peer median | $2,413 |
| Fairbanks Morse: average balance | $76,308 | |
| Peer median | $86,456 |
| Fairbanks Morse: admin expenses ÷ assets | 0.14% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $41.3M at the end of plan year 2021 to $113M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,585 | $113M | $6.4M | $4,351 | 0.14% | Not published | Form 5500 ↗ |
| 2023 | 1,297 | $80.6M | $5.6M | $4,528 | 0.15% | Not published | Form 5500 ↗ |
| 2022 | 1,057 | $64.7M | $4.1M | $4,761 | 0.20% | Not published | Form 5500 ↗ |
| 2021 | 693 | $41.3M | $3.4M | $5,193 | 0.24% | Not published | Form 5500 ↗ |
Other Fairbanks Morse plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Fairbanks Morse, LLC Retirement Program
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Fairbanks Morse match 401(k) contributions?
The match terms for the Fairbanks Morse Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $6.4M in employer contributions, about $4,351 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Fairbanks Morse 401(k) match vested?
The vesting schedule for the Fairbanks Morse Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Fairbanks Morse 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services Inc. The plan administrator is Fairbanks Morse, LLC.
I left Fairbanks Morse. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Fairbanks Morse, LLC, (800) 356-6955) or the recordkeeper, Schwab Retirement Plan Services Inc. The Fairbanks Morse old 401(k) page lists the contacts from every plan filing. Find an old Fairbanks Morse 401(k)
Data from the public Form 5500 annual reports Fairbanks Morse filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Fairbanks Morse. Not financial advice. Report a correction · Methodology