Abilities Richmond, Inc401(k)
ABILITIES RICHMOND, INC · RICHMOND, IN · plan year 2024
Abilities Richmond, Inc's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $52,034 across 102 participant accounts, with employer contributions averaging $195 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Indiana (1,557th of 1,562), and 3,306th of 3,341 in other services. In 2024, employees put in $1.04 for every $1.00 the employer contributed.
Abilities Richmond, Inc's 2024 employer contribution ran below the $540 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 264527510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.