Fortune School of Education 403(b) Retirement Plan

• Opportunity

  Low participation

  Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  Lines 6a and 6g
• Opportunity

  Low participant contribution

  Participant contribution per participant is in the bottom quintile of the peer cohort.

  Schedule H, line 2a(1)(B)
• Opportunity

  Low employer contribution

  Employer contribution per participant is in the bottom quintile of the peer cohort.

  Schedule H, line 2a(1)(A)
• Opportunity

  High fees

  Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

  Schedule H, line 2i
• Opportunity

  Low returns

  Annual investment return is in the bottom quintile of the peer cohort.

  Schedule H, line 2
• Opportunity

  Low assets / participant

  Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

  Schedule H, line 1l and line 6g
• Opportunity

  Few collective trusts

  0% of fund dollars in collective trusts, which often cost less than the same strategy as a mutual fund.

  Schedule H, line 4i

Industry

61 - Educational Services

Plan type

Defined contribution

Participants

250-999

Cohort

942 peers

Snapshot

2025

Target-date series: Fidelity Freedom Index, mutual fund, 30% of fund dollars

Covers 71,410 large plans that list their funds in their annual filing. Updated Nov 6, 2026. Shares describe these plans, not the whole market.

• 2A
  Age/service weighted or new comparability plan

  Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
• 2G
  Total participant-directed account plan

  Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
• 2M
  Code section 403(b)(7) accounts

  Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
• 3D
  Pre-approved pension plan

  A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.