Abm Industries Incorporated 401(k) Review & Grade
Abm 401(k) Employee Savings Plan
New York, NYAdministrative, Support & Staffing Services85,232 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$274Employer $ per active participant
$503Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$695.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 26th |
| Employee saving | 31th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($11,551,853 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Abm Industries Incorporated put in about $274 per active participant, more than the typical peer ($271). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.16% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $23,352,577 |
| Participant (employee) contributions | $42,875,857 |
| Other contributions (incl. rollovers in) | $5,412,590 |
| Administrative expenses paid from the plan | $1,023,710 |
| Investment advisory & management fees | $92,500 |
| Benefits paid out | $86,323,262 |
| Net assets, start / end of year | $624.4M / $695.8M |
| Active participants, start / end of year | 85,460 / 85,004 |
| Participants with account balances | 12,826 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $931,210 reported compensation |
| Wells Fargo Advisors | $92,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020142019NAL0000894339001, received 2025-10-20, EIN 94-1369354, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.