American Business Institute Corp 401(k) Plan: Login, Facts & Contact Information

American Business Institute Corp 401(k) Plan Facts

Plan name
AMERICAN BUSINESS INSTITUTE CO 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
AMERICAN BUSINESS INSTITUTE CO
Participants
12,551 (10,683 active employees)
Former employees with a balance
660
Plan assets
$6,156,341 at Dec 31, 2024
Average account balance
$4,710 across 1,307 accounts
Employer contributions
$332,199 in plan year 2024 (34% of all contributions)
Recordkeeper
Paychex, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 15, 2015
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Dec 5, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $991,482 went into the plan in contributions, $332,199 of it from the employer (34%).
  • $8.82 million was paid out to participants.
  • Investment and other income added $1.57 million.
  • Administrative expenses were $76,000, about $58 per account.

How the American Business Institute Corp 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201916,112$4.22 million$1.28 million$127,889
202018,534$6.55 million$1.25 million$174,039
202110,388$9.06 million$1.34 million$502,024
202211,344$9.43 million$1.29 million$358,277
202311,806$12.5 million$985,947$647,387
202412,551$6.16 million$332,199$8.82 million

American Business Institute Corp 401(k) Contact Information

Phone
718-661-3303
Mailing address
13107 40TH RD STE E15, FLUSHING NY 113545208
Plan sponsor
AMERICAN BUSINESS INSTITUTE CO
Employer identification number (EIN)
20-3133101
Plan number
001

Questions about the American Business Institute Corp 401(k)

Does American Business Institute Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $332,199, 34% of all contributions.

Does the American Business Institute Corp 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the American Business Institute Corp 401(k) plan?

12,551 participants at the start of plan year 2024, 10,683 of them active employees, and 660 former employees who still had money in the plan.

What is the average 401(k) balance at American Business Institute Corp?

About $4,710 per account: $6.16 million in plan assets across 1,307 accounts with a balance at the end of plan year 2024.

Who manages the American Business Institute Corp 401(k) accounts?

Paychex (listed on the filing as PAYCHEX, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at American Business Institute Corp. How do I access my 401(k)?

Your account stays with Paychex after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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