Alliance for Empowerment 401(k) match, vesting and fees
What Alliance for Empowerment'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 | Chemung Canal Trust Company | 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 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Alliance for Empowerment: employer contribution per participant | $854 | |
| Peer median | $1,468 |
| Alliance for Empowerment: average balance | $68,027 | |
| Peer median | $37,786 |
| Alliance for Empowerment: admin expenses ÷ assets | 0.19% | |
| 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 $8.9M at the end of plan year 2023 to $10.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 310 | $10.3M | $130K | $854 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 285 | $8.9M | $151K | $808 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does Alliance for Empowerment match 401(k) contributions?
The match terms for the Alliance for Empowerment, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $130K in employer contributions, about $854 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Alliance for Empowerment 401(k) match vested?
The vesting schedule for the Alliance for Empowerment, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Alliance for Empowerment 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Chemung Canal Trust Company. The plan administrator is Alliance for Empowerment, Inc..
I left Alliance for Empowerment. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Alliance for Empowerment, Inc., (607) 734-7107) or the recordkeeper, Chemung Canal Trust Company. The Alliance for Empowerment old 401(k) page lists the contacts from every plan filing. Find an old Alliance for Empowerment 401(k)
Data from the public Form 5500 annual reports Alliance for Empowerment filed with the U.S. Department of Labor (plan years 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 Alliance for Empowerment. Not financial advice. Report a correction · Methodology