Asbury Communities, Inc. 401(k) Review & Grade
Asbury Communities, Inc. 401(k) Retirement Savings Plan
Frederick, MDOther Services2,242 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,309Employer $ per active participant
$3,060Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$92.0MNet plan assets, end of year
$34,336Average balance per account
Score breakdown
- Employer generosity26.1 / 5052th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 30th |
| Employee saving | 58th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $43,250 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Asbury Communities put in about $1,309 per active participant, more than the typical peer ($1,257). 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 (0.41% of assets) are well above similar-size plans (0.23%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,935,007 |
| Participant (employee) contributions | $6,862,277 |
| Other contributions (incl. rollovers in) | $546,254 |
| Administrative expenses paid from the plan | $366,335 |
| Contract administrator fees | $366,335 |
| Benefits paid out | $16,765,562 |
| Net assets, start / end of year | $88.4M / $92.0M |
| Active participants, start / end of year | 2,335 / 2,150 |
| Participants with account balances | 2,679 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $368,021 reported compensation |
| Morgan Stanley | $103,126 reported compensation |
| Cliftonlarsonallen LLP | $19,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014084357NAL0002427521001, received 2025-10-14, EIN 52-1862677, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.