American Student Transportation Partners 401(k) match, vesting and fees
What American Student Transportation Partners' 401(k) plan says about matching contributions
Under the terms of the Plan, the Company is required to make a Safe Harbor matching contribution in an amount equal to 100% of the participant’s elective deferrals that do not exceed 3% of compensation and 50% of greater than 3% of the elective deferral but do not exceed 5% of compensation.
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. 25 ↗ |
| Match vesting | Participants are immediately vested on their voluntary contributions and rollovers plus actual earnings thereon. Vesting in Company match will always be 100% vested and cannot be forfeited, even if the participant terminates employment or becomes ineligible to participate in the Plan. | 2024 audit report, p. 25 ↗ |
| Roth contributions | Participants may also make Roth deferrals and contribute amounts representing distributions from other qualified plans. | 2024 audit report, p. 25 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The $50,000.00 is reduced by the highest outstanding loan balance during the past 12 months or any existing loan balances on the date a new loan is made, whichever is greater. Participants may only have one loan outstanding at a time. | 2024 audit report, p. 26 ↗ |
| Recordkeeper | The Vanguard Group, Inc. | 2025 Schedule C ↗ |
| Independent auditor | Assurance Dimensions (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
| Late participant contributions | Reported on the filing | 2025 Schedule H ↗ |
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 46 defined-contribution plans in transportation and warehousing with 500 to 999 participants.
| American Student Transportation Partners: employer contribution per participant | $1,369 | |
| Peer median | $1,424 |
| American Student Transportation Partners: average balance | $11,662 | |
| Peer median | $54,306 |
| American Student Transportation Partners: admin expenses ÷ assets | 0.67% | |
| Peer median | 0.28% |
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 $2,230 at the end of plan year 2022 to $6.7M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 2,687 | $6.7M | $784K | $1,369 | 0.67% | Not published | Form 5500 ↗ |
| 2024 | 2,280 | $3.6M | $608K | $1,495 | 0.48% | Quoted in the audit report, p. 25 ↗ | Form 5500 ↗ |
| 2023 | 1,899 | $1.5M | $308K | $1,082 | 0.24% | Not published | 5500-SF ↗ |
| 2022 | 45 | $2,230 | — | — | — | Not published | 5500-SF ↗ |
Common questions
Does American Student Transportation Partners match 401(k) contributions?
The audit report attached to the American Student Transportation Partners 401(k) Plan's plan year 2024 Form 5500, page 25 says: “Under the terms of the Plan, the Company is required to make a Safe Harbor matching contribution in an amount equal to 100% of the participant’s elective deferrals that do not exceed 3% of compensation and 50% of greater than 3% of the elective deferral but do not exceed 5% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the American Student Transportation Partners 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 25 says: “Participants are immediately vested on their voluntary contributions and rollovers plus actual earnings thereon. Vesting in Company match will always be 100% vested and cannot be forfeited, even if the participant terminates employment or becomes ineligible to participate in the Plan.”
Who manages the American Student Transportation Partners 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is The Vanguard Group, Inc.. The plan administrator is American Student Transportation Partners Inc.
I left American Student Transportation Partners. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (American Student Transportation Partners Inc, (484) 746-4958) or the recordkeeper, The Vanguard Group, Inc.. The American Student Transportation Partners old 401(k) page lists the contacts from every plan filing. Find an old American Student Transportation Partners 401(k)
Data from the public Form 5500 annual reports American Student Transportation Partners filed with the U.S. Department of Labor (plan years 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 American Student Transportation Partners. Not financial advice. Report a correction · Methodology