Abm Industries Incorporated 401(k) Review & Grade
Abm 401(k) Employee Savings Plan II
New York, NYAdministrative, Support & Staffing Services7,584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$64Employer $ per active participant
$820Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$77.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost11.1 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 45th |
| Employee saving | 39th |
| Peers that auto-enroll | 22% |
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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 ($1,252,593 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 $64 per active participant, below the typical peer ($342). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $484,461 |
| Participant (employee) contributions | $6,218,391 |
| Other contributions (incl. rollovers in) | $91,515 |
| Administrative expenses paid from the plan | $105,032 |
| Investment advisory & management fees | $1,250 |
| Other admin expenses | $1,018 |
| Benefits paid out | $8,548,305 |
| Net assets, start / end of year | $67.5M / $77.6M |
| Active participants, start / end of year | 7,061 / 8,108 |
| Participants with account balances | 1,260 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $105,032 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020142126NAL0001151104001, received 2025-10-20, EIN 94-1369354, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.