Asplundh Tree Expert 401(k) match, vesting and fees
What Asplundh Tree Expert's 401(k) plan says about matching contributions
The Company makes matching contributions into 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 | Audit report, p. 36 ↗ |
| Match vesting | Participants are immediately vested in their voluntary contributions plus actual earnings thereon. Vesting in discretionary and matching contributions to participants' accounts, if any, is based on years of service. A participant is 20 percent vested after two years of service, 40 percent vested after three years of service, 60 percent vested after four years of service, 80 percent vested after five years of service, and 100 percent vested after six years of service. | Audit report, p. 36 ↗ |
| 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 percent of their account balance. The loans are secured by the balance in the participants' accounts and bear interest at the prevailing rate charged by institutional lenders for comparable loans and in no case lower than the rate of prime plus 2%. | Audit report, p. 37 ↗ |
| Recordkeeper | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 39 defined-contribution plans in administrative, support and waste management services with 5,000 to 9,999 participants.
| Asplundh Tree Expert: employer contribution per participant | $1,225 | |
| Peer median | $1,648 |
| Asplundh Tree Expert: average balance | $44,077 | |
| Peer median | $40,703 |
| Asplundh Tree Expert: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.23% |
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 $258M at the end of plan year 2021 to $323M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 23,914 | $323M | $9M | $1,225 | 0.15% | Quoted in the audit report, p. 36 ↗ | Form 5500 ↗ |
| 2023 | 24,865 | $277M | $8.2M | $1,064 | 0.20% | Not published | Form 5500 ↗ |
| 2022 | 24,654 | $227M | $7M | $934 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 23,843 | $258M | $6.3M | $888 | 0.23% | Not published | Form 5500 ↗ |
Other Asplundh Tree Expert plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Asplundh Tree Expert, LLC 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 | Schwab Retirement Plan Services Inc | Schedule C ↗ |
| Independent auditor | Kreischer Miller (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Asplundh Tree Expert match 401(k) contributions?
The audit report attached to the Vegetation and Utility Services Employees 401(k) Savings Plan's plan year 2024 Form 5500, page 36 says: “The Company makes matching contributions into the Plan.” Plan terms may have changed; check your current Summary Plan Description.
When is the Asplundh Tree Expert 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 36 says: “Participants are immediately vested in their voluntary contributions plus actual earnings thereon. Vesting in discretionary and matching contributions to participants' accounts, if any, is based on years of service. A participant is 20 percent vested after two years of service, 40 percent vested after three years of service, 60 percent vested after four years of service, 80 percent vested after five years of service, and 100 percent vested after six years of service.”
Who manages the Asplundh Tree Expert 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services Inc. The plan administrator is Administrative Committee.
I left Asplundh Tree Expert. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Committee, (215) 784-4200) or the recordkeeper, Schwab Retirement Plan Services Inc. The Asplundh Tree Expert old 401(k) page lists the contacts from every plan filing. Find an old Asplundh Tree Expert 401(k)
Data from the public Form 5500 annual reports Asplundh Tree Expert 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 Asplundh Tree Expert. Not financial advice. Report a correction · Methodology