Altrust Financial Services 401(k) match, vesting and fees
What Altrust Financial Services' 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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Mauldin & Jenkins (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Altrust Financial Services: employer contribution per participant | $1,045 | |
| Peer median | $2,868 |
| Altrust Financial Services: average balance | $45,203 | |
| Peer median | $95,281 |
| Altrust Financial Services: admin expenses ÷ assets | 0.75% | |
| Peer median | 0.22% |
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 $7.1M at the end of plan year 2021 to $9.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 304 | $9.6M | $222K | $1,045 | 0.75% | Not published | Form 5500 ↗ |
| 2023 | 299 | $7.8M | $246K | $1,222 | 0.78% | Not published | Form 5500 ↗ |
| 2022 | 291 | $6M | $230K | $1,168 | 0.66% | Not published | Form 5500 ↗ |
| 2021 | 312 | $7.1M | $206K | $968 | 0.58% | Not published | Form 5500 ↗ |
Other Altrust Financial Services plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Altrust Financial Services, Inc. Employee Stock Ownership 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.
| Independent auditor | Mauldin & Jenkins, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Retirement · Active | Form 5500 ↗ |
Common questions
Does Altrust Financial Services match 401(k) contributions?
The match terms for the Altrust Financial Services, Inc. 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $222K in employer contributions, about $1,045 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Altrust Financial Services 401(k) match vested?
The vesting schedule for the Altrust Financial Services, Inc. 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Altrust Financial Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Altrust Financial Services, Inc..
I left Altrust Financial Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Altrust Financial Services, Inc., (256) 737-7080) or the recordkeeper, Empower Annuity Insurance Company. The Altrust Financial Services old 401(k) page lists the contacts from every plan filing. Find an old Altrust Financial Services 401(k)
Data from the public Form 5500 annual reports Altrust Financial Services 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 Altrust Financial Services. Not financial advice. Report a correction · Methodology