Abilities First 401(k) match, vesting and fees
What Abilities First'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 | Transamerica Financial Life Ins Co | Schedule C ↗ |
| Independent auditor | Bonadio & Co 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 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Abilities First: employer contribution per participant | $417 | |
| Peer median | $2,521 |
| Abilities First: average balance | $23,330 | |
| Peer median | $75,833 |
| Abilities First: admin expenses ÷ assets | 0.12% | |
| Peer median | 0.27% |
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 $7.4M at the end of plan year 2021 to $7.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 354 | $7.3M | $131K | $417 | 0.12% | Not published | Form 5500 ↗ |
| 2023 | 386 | $7.1M | $129K | $365 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 504 | $6.4M | $117K | $316 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 495 | $7.4M | $110K | $313 | 0.10% | Not published | Form 5500 ↗ |
Other Abilities First plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Abilities First, Inc. Profit Sharing Plan
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 | Transamerica Financial Life Insuran | Schedule C ↗ |
| Independent auditor | Bonadio & Co LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Abilities First match 401(k) contributions?
The match terms for the Abilities First, Inc. Union 401(k) P/S Plan have not been published from its filing yet. The plan year 2024 filing reports $131K in employer contributions, about $417 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Abilities First 401(k) match vested?
The vesting schedule for the Abilities First, Inc. Union 401(k) P/S Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Abilities First 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Transamerica Financial Life Ins Co. The plan administrator is Abilities First, Inc..
I left Abilities First. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Abilities First, Inc., (845) 485-9803) or the recordkeeper, Transamerica Financial Life Ins Co. The Abilities First old 401(k) page lists the contacts from every plan filing. Find an old Abilities First 401(k)
Data from the public Form 5500 annual reports Abilities First 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 Abilities First. Not financial advice. Report a correction · Methodology