First Source Employee Management 401(k) match, vesting and fees
What First Source Employee Management'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 | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Corrigan Krause (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| First Source Employee Management: employer contribution per participant | $521 | |
| Peer median | $1,358 |
| First Source Employee Management: average balance | $29,119 | |
| Peer median | $44,442 |
| First Source Employee Management: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.21% |
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 $64.4M at the end of plan year 2023 to $67.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 8,248 | $67.6M | $1.2M | $521 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 6,971 | $64.4M | $1.3M | $500 | 0.16% | Not published | Form 5500 ↗ |
Common questions
Does First Source Employee Management match 401(k) contributions?
The match terms for the First Source Employee Management Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $1.2M in employer contributions, about $521 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First Source Employee Management 401(k) match vested?
The vesting schedule for the First Source Employee Management Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First Source Employee Management 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is First Source Employee Management.
I left First Source Employee Management. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First Source Employee Management, (440) 793-0200) or the recordkeeper, Empower Annuity Insurance Company O. The First Source Employee Management old 401(k) page lists the contacts from every plan filing. Find an old First Source Employee Management 401(k)
Data from the public Form 5500 annual reports First Source Employee Management 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 First Source Employee Management. Not financial advice. Report a correction · Methodology