Afs Holdings 401(k) match, vesting and fees
What Afs Holdings' 401(k) plan says about matching contributions
Participating Employers may make contributions to the Plan in the form of matching contributions or discretionary profit sharing contributions. The matching contributions are determined annually by the Participating Employers within the Plan.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 46 ↗ |
| Match vesting | Participants are vested immediately in their participant contributions plus actual earnings thereon. Vesting in the Participating Employers' contribution portion of their accounts is based on years of continuous service and the individual adoption agreements of each Participating Employer. | 2024 audit report, p. 47 ↗ |
| Loans | Participants may borrow from their fund accounts based on the individual adoption agreements of each Participating Employer. | 2024 audit report, p. 47 ↗ |
| Recordkeeper | Transamerica Retirement Solutions | 2025 Schedule C ↗ |
| Independent auditor | Carver, Florek & James, Cpas (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 79 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Afs Holdings: employer contribution per participant | $1,623 | |
| Peer median | $2,178 |
| Afs Holdings: average balance | $72,485 | |
| Peer median | $89,313 |
| Afs Holdings: admin expenses ÷ assets | 0.29% | |
| Peer median | 0.14% |
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 $177M at the end of plan year 2021 to $235M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 5,689 | $235M | $5.3M | $1,623 | 0.29% | Not published | Form 5500 ↗ |
| 2024 | 3,513 | $208M | $4.8M | $1,533 | 0.34% | Quoted in the audit report, p. 46 ↗ | Form 5500 ↗ |
| 2023 | 3,457 | $166M | $3.7M | $1,689 | 0.29% | Not published | Form 5500 ↗ |
| 2022 | 3,323 | $148M | $3.6M | $1,665 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 3,363 | $177M | $3.4M | $1,592 | 0.18% | Not published | Form 5500 ↗ |
Common questions
Does Afs Holdings match 401(k) contributions?
The audit report attached to the Associated Food Stores, Inc. 401(k) Plan and Trust's plan year 2024 Form 5500, page 46 says: “Participating Employers may make contributions to the Plan in the form of matching contributions or discretionary profit sharing contributions. The matching contributions are determined annually by the Participating Employers within the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Afs Holdings 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 47 says: “Participants are vested immediately in their participant contributions plus actual earnings thereon. Vesting in the Participating Employers' contribution portion of their accounts is based on years of continuous service and the individual adoption agreements of each Participating Employer.”
Who manages the Afs Holdings 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Transamerica Retirement Solutions. The plan administrator is Afs Holdings, Inc..
I left Afs Holdings. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Afs Holdings, Inc., (801) 978-8363) or the recordkeeper, Transamerica Retirement Solutions. The Afs Holdings old 401(k) page lists the contacts from every plan filing. Find an old Afs Holdings 401(k)
Data from the public Form 5500 annual reports Afs Holdings filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Afs Holdings. Not financial advice. Report a correction · Methodology