Plan Ledger DOL Form 5500 · updated monthly

Affordable Business Solutions, Inc.401(k)

AFFORDABLE BUSINESS SOLUTIONS RETIREMENT PLAN · MACON, GA · plan year 2023

Employer contribution per participant · 2023
$1,963

Affordable Business Solutions, Inc.'s 2023 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 $3,629,385 across 350 participant accounts, with employer contributions averaging $1,963 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Georgia (1,762nd of 2,160), and 1,641st of 2,534 in administrative & support services. In 2023, employees put in $1.37 for every $1.00 the employer contributed; active participation has shrunk from 443 to 155 since 2022.

Plan summary
Net assets, end of year$3,629,385
Participants with balances350
Active participants155
Employer contributions$304,320
Employee contributions$417,623
Employer contribution per active participant$1,963
Average account balance$10,370
Benefits paid to participants$585,339
Plan auditUnmodified (clean) audit opinion
AuditorROBERT BAKER AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 187 accts · $69K emplr
2023$3.6M · 350 accts · $304K emplr
2022$3.0M · 321 accts · $333K emplr
The Affordable Business Solutions, Inc. 401(k) match · 2023
Employer contribution per active participant$1,963
Median for plans this size$1,308
2024$881 per active participant
2023$1,963 per active participant
2022$751 per active participant

Affordable Business Solutions, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size. 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.

Service providers · 20233
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$30,397
CANNON FINANCIAL STRATEGISTS, INC. · Investment advisory (participants) · Investment advisory (plan)$11,378
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$805

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$43,915 · 1.25%
2023Not separately reported
2022Not separately reported
Similar plansAdministrative & Support Services · Georgia
Highgrove Partners, LLC GA$4.0M · 0.02%
Contract Callers, Inc. GA$4.0M · 1.21%
Datamatx, Inc. GA$3.6M · 0.06%
Hodges Management Company GA$3.1M · 0.13%
Caduceus Healthcare, Inc. GA$2.8M · 1.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 831159645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.