401(k) · DOL Form 5500 · 2023
Fairmont Federal Credit Union 401(k) Plan and Trust
Data updated 2026-05-15
- $6M
- Total assets
- 107
- Participants
- 47th
- Percentile by assets
- $55,308
- Avg per participant
Sponsored by Fairmont Federal Credit Union · West Virginia · Finance & Insurance
What the 2023 filing shows
Fairmont Federal Credit Union 401(k) Plan and Trust holds $6M for 107 participants - about $55,308 per participant, in the lower half of filed plans by assets, up 34.2% over the 2023 plan year.
- $6M
- total plan assets (2023 EOY)
- 107
- covered participants
- 47th
- percentile by assets (of 126,618 plans)
- $55,308
- avg assets per participant
401(k) · DOL Form 5500 · 2023
What the Filing Says About Fairmont Federal Credit Union 401(k) Plan and Trust
Fairmont Federal Credit Union 401(k) Plan and Trust is a 401(k) retirement plan sponsored by Fairmont Federal Credit Union, headquartered in West Virginia. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 107 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 550522816, and the plan has been effective since 1999-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets surged from $4M at the beginning of 2023 to $6M at year-end - up 34.2%. Net assets (after liabilities) closed the year at $6M, with reported net income of $2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.
Across the 2 plan years Fairmont Federal Credit Union has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $4M to $6M, a gain of 34.2%, while reported participants moved from 104 to 107 (+2.9%). Year-by-year, sponsor-wide filings show: 2022 - $4M in assets across 1 plan covering 104 participants; 2023 - $6M in assets across 1 plan covering 107 participants.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Fairmont Federal Credit Union 401(k) Plan and Trust against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $4M |
|---|---|
| Total Assets (End of Year) | $6M |
| Net Assets (End of Year) | $6M |
| Net Income | $2M |
| Plan Type | 401(k) |
| Employer EIN | 550522816 |
| Plan Effective Date | 1999-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Fairmont Federal Credit Union)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 104 | $4M |
| 2023 | 1 | 107 | $6M |
Nearby 401(k) Plans in West Virginia
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Orrick, Herrington & Sutcliffe LLP Retirement Plan $1.1B · 1,878
- Camc Health System Basic Retirement Plan $719M · N/A
- American Public Education Retirement Plan $259M · 5,728
- West Virginia University Health System 401(k) Plan $255M · 2,525
- United Bankshares, Inc. Savings and Stock Investment Plan $228M · 2,740
Frequently Asked Questions
How much money is in the Fairmont Federal Credit Union 401(k) Plan and Trust? ▼
What type of plan is Fairmont Federal Credit Union 401(k) Plan and Trust? ▼
Who sponsors the Fairmont Federal Credit Union 401(k) Plan and Trust? ▼
How did Fairmont Federal Credit Union 401(k) Plan and Trust perform in 2023? ▼
What this filing means
Ways to act on Fairmont Federal Credit Union 401(k) Plan and Trust's numbers.
- By total assets, Fairmont Federal Credit Union 401(k) Plan and Trust ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in West Virginia. Compare plans
- Fairmont Federal Credit Union's sponsor-wide assets have grown 34.2% since 2022 across 2 plan years on file. More Finance & Insurance plans
- A 401(k) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.
Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 550522816.
Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.