Plan Ledger DOL Form 5500 · updated monthly

Abm Industries Incorporated401(k)

ABM 401(K) EMPLOYEE SAVINGS PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.16%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Abm Industries Incorporated reported $1,023,710 in plan administrative expenses for 2024: 0.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $275 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.19% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other administrative & support services employers. By assets it is the 168th-largest of 5,648 plans among New York employers on file, and the 24th of 2,534 in administrative & support services. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 61,715 to 85,004 since 2022.

Plan summary
Net assets, end of year$695,801,446
Participants with balances12,826
Active participants85,004
Employer contributions$23,352,577
Employee contributions$42,875,857
Employer contribution per active participant$275
Average account balance$54,249
Benefits paid to participants$86,323,262
Plan auditUnmodified (clean) audit opinion
AuditorKPMG
Plan history3
Yearassets · accounts · employer contribution
2024$695.8M · 12,826 accts · $23.4M emplr
2023$624.4M · 13,564 accts · $23.0M emplr
2022$491.7M · 12,653 accts · $20.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$931,210
Investment management$92,500
Total administrative$1,023,710
The Abm Industries Incorporated 401(k) match · 2024
Employer contribution per active participant$275
Median for plans this size$4,294
2024$275 per active participant
2023$269 per active participant
2022$327 per active participant

Abm Industries Incorporated's 2024 employer contribution ran below the $4,294 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$931,210
WELLS FARGO ADVISORS$92,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$1,023,710 · 0.16%
2023$1,031,842 · 0.18%
2022$1,046,209 · 0.19%
All plans at this employer2
ABM 401(K) EMPLOYEE SAVINGS PLAN401(k)
ABM 401(K) EMPLOYEE SAVINGS PLAN II401(k)
Same employer
Similar plansAdministrative & Support Services · New York
Athenahealth, Inc. MA$826.6M · 0.06%
Waste Connections, Inc. TX$799.3M · 0.16%
Manpowergroup Inc. WI$686.1M · 0.20%
Extensis Group, LLC NJ$682.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941369354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.