A Second Chance retirement plan: assets, participants and fees
What A Second Chance's retirement plan 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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Maher Duessel (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| A Second Chance: employer contribution per participant | $2,501 | |
| Peer median | $1,468 |
| A Second Chance: average balance | $21,091 | |
| Peer median | $37,786 |
| A Second Chance: admin expenses ÷ assets | 1.00% | |
| Peer median | 0.39% |
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 $2.2M at the end of plan year 2021 to $3.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 170 | $3.1M | $368K | $2,501 | 1.00% | Not published | Form 5500 ↗ |
| 2023 | 178 | $2.6M | $157K | $1,014 | 0.57% | Not published | Form 5500 ↗ |
| 2022 | 190 | $2.4M | $120K | $684 | 0.57% | Not published | Form 5500 ↗ |
| 2021 | 212 | $2.2M | $243K | $1,261 | 0.57% | Not published | Form 5500 ↗ |
Common questions
Does A Second Chance match 401(k) contributions?
The match terms for the A Second Chance, Inc. Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $368K in employer contributions, about $2,501 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the A Second Chance 401(k) match vested?
The vesting schedule for the A Second Chance, Inc. Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the A Second Chance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is A Second Chance, Inc..
I left A Second Chance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (A Second Chance, Inc., (412) 342-0600) or the recordkeeper, Principal Life Insurance Company. The A Second Chance old 401(k) page lists the contacts from every plan filing. Find an old A Second Chance 401(k)
Data from the public Form 5500 annual reports A Second Chance 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 A Second Chance. Not financial advice. Report a correction · Methodology