Eligibility
Regular full-time, temporary full-time, part-time, and intern (aged 21 and above) employees who are regularly scheduled to work at least 30 hours a week are eligible for the 401(k) plan.
Details
The ABK 401(k) Plan is a savings plan for your retirement through Fidelity. You will be automatically enrolled in the plan at a 1% contribution rate after 30 days of service (or 30 days after 6 months of service for temporary full-time employees, part-time employees, and interns aged 21 and above). If you do not wish to contribute to the 401(k) Plan, you must change your contribution rate to 0% within 30 days of your eligibility date. Alternatively, you can contribute up to 75% of your base salary and 100% of your bonus each year on a bi-weekly basis through payroll deductions, up to the annual IRS limit of $23,000 for 2024. If you are over the age of 50, you can also make additional catch-up contributions up to $7,500 in 2024. You have the option to contribute to a traditional (pre-tax) or Roth 401(k) (post-tax) plan, or some combination of the two.
Additionally, you can contribute up to $69,000 for 2024 at a maximum of 20% of your income to an After-tax 401(k) with the option of an in-plan Roth conversion! If you are over the age of 50, you can also make additional catch-up contributions of an additional $7,500 in 2024.
Note: If you have made contributions to another 401(k) during the year, you will need to manage your contributions to ensure you do not exceed the IRS annual limits.
Managing Your Account
You can change your contribution percentage and investments anytime. Please refer to the Contributions Change Guide for instructions on changing your contributions and allow for 2 payroll cycles to see the changes become effective. If you have questions about setting your contributions or which investments are best for you, you can meet with a Fidelity advisor for a complimentary advisory session. Additionally, all 401(k) participants are eligible for a complimentary advisory session with Fidelity. Log in to the Fidelity Member Portal or call Fidelity at 1-800-835-5095 to make changes or set up an advisory session.
Company Match and Vesting
Currently, the company will contribute on a discretionary basis to your savings by matching 25% of your total contribution (including the catch-up for those 50 or older) to the Traditional and/or Roth 401(k), up to the annual IRS limits. Employees are immediately 100% vested in the company match.
Note: Company contributions do not impact the annual IRS limits.
Rollovers and Withdrawals
You can rollover part or all of an eligible rollover distribution you receive from an eligible retirement plan. An eligible retirement plan is a qualified Section 401(a), a 403(a) annuity plan, a 403(b) annuity contract, an eligible 457(b) plan maintained by a governmental employer, and an individual retirement account and individual retirement annuity; pension plans cannot be rolled into the Plan. To start a rollover, log into the Fidelity Member Portal and select Quick Links> Rollovers> Start a Rollover> Rollover to Plan.
If you have a balance in your rollover contributions account, you may elect to withdraw all or a portion of it. Generally, withdrawals are also permitted when you terminate your employment, retire, reach age 59, become permanently disabled, or have a severe financial hardship as defined by the Plan. If you apply for a financial hardship withdrawal, you must first exhaust all other assets reasonably available to you and the minimum hardship withdrawal is $500. Keep in mind that withdrawals are subject to income taxes and possibly to early withdrawal penalties. You may also borrow from your account for any reason, but if you fail to repay your 401(k) loan (based on the original terms of the loan), it will be considered in default and treated as a distribution subject to income tax and possibly early withdrawal penalties.
For additional details, review the 401(k) Summary Plan Description.
Not everyone’s a money expert. That’s okay. That’s why Fidelity created How You Money, a group of videos made to help you tackle all your money questions. Pick yours: savings, investing, debt, fundamentals, retirement, and more.
A 529 Plan is a college savings plan sponsored by a state or state agency that can be opened with Fidelity. Savings can be used for tuition, books, and other education-related expenses at most accredited two- and four-year colleges and universities, U.S. vocational-technical schools, and eligible foreign institutions.
While contributions to the Plan are not deductible, earnings grow federal tax-free and are not taxed when the money is used to pay for eligible education expenses. To learn more and/or open an account, visit the 529 College Savings Plan Portal linked to the right.
My Secure Advantage (MSA) is a comprehensive financial wellness benefit available to you at no cost! By connecting with a Money Coach and taking advantage of MSA’s digital resources, you can build a stronger and more secure future no matter where you are in your financial journey.
Money Coach
By connecting with a personal Money Coach, you can build a stronger and more secure future no matter where you are in your financial journey.
Assessment and Action Plan
Your financial future starts with understanding where you’re at today. Complete MSA’s financial assessment to learn how stressed (or not) you’re feeling about your finances. We’ll direct you to videos, guides, and other resources tailored to your needs and interests.
Private Financial Website
Online video courses, calculators, articles, legal forms, and more are at your fingertips. Schedule appointments, share files, and connect with your Coach on your secure website.
MSA Wallet
It’s easier than ever to budget, save, and get a clear view of your finances. See all of your accounts in one place! With 24/7 visibility, you can track spending, plan for the unplanned, reduce debt, and monitor your net worth. Your wallet is safe and secure with bank-level security and no data mining. Learn more.
Credit & Identity Monitoring
Access your TransUnion credit score (updated every 30 days) and credit report (updated annually) right from your dashboard! It won’t hurt your credit score, and it’s confidential. You can also get 24/7 credit and identity monitoring with fraud alerts for suspicious activity.
Live Events
Enjoy monthly webinars and live forums covering virtually all areas of finance and related life events. Related worksheets and handouts are also included.
The peace of mind that comes with having a plan for your money, along with the support and guidance from a Coach is leading people to better lives every day.
Ready to get started? Employees can visit the MSA website, while family members can call 888-724-2326 to activate their benefits.
Eligibility
Regular full-time and regular part-time employees are eligible to participate after 6 months of continuous employment with ABK. To ensure that you are eligible, please obtain manager and HRBP approval before enrolling in courses.
Details
Employees will be reimbursed after completing the course(s) with a grade of “B” or better, up to the following amounts annually:
Regular full-time employees:
Regular part-time employees:
Refer to the Tuition Reimbursement Program policy for instructions in SupportDesk on how to submit your application and request reimbursement.
Eligibility
The Health Savings Account (HSA) is available to all employees enrolled in the Collective Health CDHP plan.
Details
An HSA is a personal savings account that you can contribute to pre-tax and can be used to pay for eligible expenses now, or later in life. It is administered by HealthEquity.
To participate in an HSA, certain rules apply:
Your contributions are limited annually by the IRS (in 2024 $4,150 for employee only and $8,300 for families, with an additional $1,000 catch-up for those over age 55). Funds rollover from year to year and never expire, can be invested, and are triple tax-advantaged!
Can I make changes throughout the year?
Yes! You can change your contributions at any time by going to Workday > Menu > Benefits & Pay > Change Benefits > Change HSA. The change will be effective the first of the month if electing on the first, or the first of the following month.
Funding
Your HSA is made up of company contributions (company seed and Benefits@Play earnings) and your own contributions. All contributions count towards the IRS maximum limit. Your total contribution in Workday will be automatically reduced by the employer contribution; however, it does not account for Benefits@Play earnings. You can initiate an HSA benefit change in Workday throughout the year to account for what you have earned via Benefits@Play.
Funds are available as deposited from your paycheck and the company. If you have an expense that is larger than your current balance, you can pay out of pocket and then submit a withdrawal once enough funds have accumulated in your HSA.
Employees over age 55 can contribute an additional $1,000 in catch-up contributions. Below are the company funding amounts that you must consider when making your contribution elections.
| Plan Type | Plan Tier | Seed | Benefits@Play Earnings |
| CDHP | Employee Only | $250 | $1,000 |
| Employee + Dependent(s) | $250 | $2,000 |
Reimbursements
You can use your HealthEquity debit card to pay for eligible expenses. Should you pay out-of-pocket at the time of service, you can submit for reimbursement through the HealthEquity Member Portal. For more information, please refer to the HSA Information site, email memberservices@healthequity.com., or call at 844-341-4934.
Rollovers
Funds in your account will rollover year to year and never expire. If you have funds in another HSA and would like to roll them over to your HealthEquity HSA, download the rollover form, and send the completed form to HealthEquity via mail, fax, or email.
Address: HealthEquity 15 W Scenic Pointe Drive, Ste 100 Draper, UT 84020
Email: transfer@healthequity.com
Eligibility
The Flexible Spending Account (FSA) is available to regular full-time employees who are regularly scheduled to work at least 30 hours a week and medical plan enrollment is not required. If you’re enrolled in CDHP and not eligible for HSA, you can elect FSA as an alternative.
Details
FSA allows you to set aside pre-tax dollars from your paycheck into an account to be used for eligible healthcare expenses. FSAs are funded by employee contributions only and are available immediately once elected. The amount you elect will be deducted from your paycheck on a pro-rated basis throughout the year.
Note: All unused funds are forfeited at the end of each calendar year and you cannot make changes to your election amount unless you experience a qualified life event and submit your changes within 30 calendar days. You are not automatically re-enrolled in this account annually, you must re-elect this account during open enrollment or within 30 calendar days during a qualified life event.
Reimbursements
This account is managed by HealthEquity and funded as contributions are made from your paycheck. You will receive a debit card to use for payments on eligible expenses. Should you pay out-of-pocket for an eligible expense, you can reimburse yourself through the HealthEquity Member Portal. For more information, please refer to FSA Information.
Questions?
Contact HealthEquity via email at memberservices@healthequity.com or call 844-341-4934.
Eligibility
The Health Reimbursement Account (HRA) is available to employees who do not have an HSA but are participating in the Benefits@Play program.
Details
HRA’s are fully funded by ABK to help you pay for eligible medical expenses. HRA money rolls over from year to year while you are employed with ABK. Unused funds in this account are forfeited if you leave ABK or switch to the plan that offers the HSA. You can earn as shown below:
| Plan Type | Plan Tier | Benefits@Play Earnings |
| PPO 500, In-Network, Centivo or Kaiser | Employee Only | $500 |
| Employee + Dependent(s) | $1,000 | |
| Waive Coverage | Sweepstakes Only |
Reimbursements
You can use your HealthEquity debit card to pay for eligible expenses. Should you pay out-of-pocket at the time of service, you can submit for reimbursement through the HealthEquity Member Portal. For more information, please refer to the HRA FAQ or email memberservices@healthequity.com or call 844-341-4934.
Eligibility
Regular full-time employees who are regularly scheduled to work at least 30 hours a week are eligible for the dependent care account (DCA).
Details
DCA is a flexible spending account that allows you to contribute a portion of your paycheck tax-free to pay for qualified dependent care expenses so that you and your spouse can either work or look for work. The IRS limits annual contributions to $5,000 on income tax returns if single or married filing jointly, and $2,500 if married filing separately. You can use your DCA to pay for care for children under age 13 that you claim as dependents, as well as adults or other relatives who are incapable of caring for themselves (if you provide more than 50% of their support).
Note: There is an extended grace period for the Dependent Care FSA. For the 2024 plan year, all unused funds remaining after April 15, 2025, will be forfeited. You will have until April 30, 2025, to reimburse yourself with your 2024 funds for expenses incurred between January 1, 2024 - April 15, 2025.
You cannot make changes to your election amount unless you experience a qualified life event and submit your changes within 30 days. You are not automatically re-enrolled in this account annually, you must re-elect this account during open enrollment or within 30 days during a qualified life event.
Additionally, DCA funds are subject to IRS discrimination testing annually; thus, the IRS may determine that you are ineligible for the full $5,000 election mid-way through the year. If you are impacted by this testing you will be notified by the benefits team and your election will be automatically reduced to the amount the IRS approves.
Reimbursements
This account is managed by HealthEquity and funded as contributions are made from your paycheck. If you only have a DCA you will not receive a debit card to use for payment. Instead, all claims for reimbursement must be submitted through the HealthEquity Member Portal. If you have any other fund account (HSA, FSA, etc), you can use your debit card for payment. For more information, please refer to the DCA Information site, email memberservices@healthequity.com, or call 844-341-4934.
Eligibility
Regular full-time employees who are regularly scheduled to work at least 30 hours a week are eligible for the commuter account.
Details
You can set aside pre-tax and post-tax dollars to use towards eligible expenses to get to work. The Commuter Account is administered by WEX and enrollment is completed in Workday. The post-tax account is available if your commuter expenses exceed the monthly pre-tax limit, which is currently $315 for 2024 and $325 for 2025 per account.
You can elect both a Transit and/or Parking account depending on your needs:
Transit examples: Train, bus, subway, ferry, UberPOOL, Lyft Shared.
Parking examples: At or near the office, or at a train or bus stop to get to work.
You will receive a single commuter card from WEX. Funds will accumulate as they are deducted from your paycheck. To check eligible Commuter expenses, visit WEX’s website and filter by the Commuter plan.
To enroll or make a change to your election, go to Workday > Menu > Benefits > Change Benefits > Change Commuter FSA. The change will be effective the first of the month if electing on the first, or the first of the following month.
Payactiv is a financial wellness platform that provides an assortment of services including access to your earned wages before payday. You may access your earned wages using the Payactiv mobile app, website, or ATM (only at select locations) as long as you are actively at work (not on leave).
With this service, you can:
Enrollment Options:
For enrollment, you will need to provide your Employee ID number, which can be found in Workday (in parenthesis next to your name).
For customer support, please call 1-877-937-6966, email support@payactiv.com or visit www.payactiv.com/help
For about $12 a week, you can change the life of a veteran and their family. In 2021, 60% of U.S. veterans were underemployed. By electing to contribute to the Call of Duty Endowment through payroll deduction, you can help place a veteran into a high-quality job with every paycheck or as a one-time deduction. Additionally, you can double your donation’s impact by supporting The Endowment through ABK Gives Back, our Company’s charitable donation matching program. Through ABK Gives Back, you can donate directly to The Endowment or request a match by submitting your payroll donation receipt.
The Endowment is our company’s flagship charitable effort and the world’s largest and most effective private funder of veteran employment. Since its founding in 2009, the Endowment has placed more than 125,000 veterans into high-quality jobs. Every cent of your donation goes to veteran placement, as our company covers all of the Endowment’s operating costs. Through our highly effective model of funding the best U.S. and U.K. veteran employment organizations, we can put a veteran back to work for only $618. The Endowment has received many awards for its work, including GuideStar’s Platinum status – the highest recognition for impact and transparency among charities.
ABK Gives Back is a charitable donation matching program that provides eligible employees the opportunity to make a difference through non-profits of your choice. The Company will match your personal contributions, dollar-for-dollar, up to $2,000 (or local equivalent) annually. You may donate directly to a non-profit through the ABK Gives Back platform, or request a match to a donation you made in the past 12 months. Regardless of how you decide to donate, ABK Gives Back extends your impact to the causes and communities that matter to you, and creates a collective impact in the communities we all support.
Log into the ABK Gives Back platform here via SSO to donate. Check out the ABK Gives Back Hub page to learn more about the program guidelines and FAQs.
Since 2017, ABK has partnered with Imagine Home Benefits (IHB) to provide you and your family with exclusive Homeownership Coaching services & savings!
If you are considering Buying, Selling, or Refinancing a home, start first by understanding the helpful time & money-saving services available at no cost through the Imagine Home Benefits program.
IHB understands the importance of confidentiality and offer step-by-step guidance tailored to your specific housing goals. Our proven strategy has assisted hundreds of teammates in overcoming obstacles that once hindered their homeownership. Our commitment is unwavering, and we invite you to allow us to help you navigate the various roadblocks standing in the way of achieving your dreams.
Call Kristine Kobe at 310-292-4090 or kkobe@imaginehomebenefits.com to schedule a time to review your homeownership goals, current financial footprint, and potential options, then design a short and long-term plan to get you there. Convenient virtual consultations including evening and weekend availability.