401(k) · DOL Form 5500 · 2023

Armed Forces Benefit Assoc. 401(k) Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
179
Participants Small participant base
84th
Percentile by assets National rank
$249,635
Avg per participant Above avg balance/head
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Official DOL plan name: Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan · Sponsored by Armed Forces Benefit Assoc. · Virginia · Other Services

$45M in assets, 179 participants

Armed Forces Benefit Assoc.'s Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan reported $45M in total assets and 179 participants in its 2023 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,291 in Other Services (7,857 peers)

Coverage in Virginia

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan covers 179 participants in Virginia, about 23% of the average Virginia filer (state average ~782 per filing). Assets: $45M.

#7,291
in Other Services (7,857 peers)
+18.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan's outsized position by total assets

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$44,684,717 Top 16% higher than 84% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan sits mid-pack in the medium band (179 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan reported net income rose from -$7M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan end-of-year assets rose from $38M in the plan year 2022 filing to $45M in the plan year 2023 filing.
  • Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan reported participants rose from 170 in the plan year 2022 filing to 179 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 530209087 · Armed Forces Benefit Assoc. PY 2023 · 401(k)

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan · $45M · 179 · 84th

  • PART $45M
  • TYPE 179
  • NET 84th
  • BOOK 401(k)
  • VS-ST near Jewelry Television Asset Accumulation 401(k) Plan
  • BOY ind #7291

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in Virginia →

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan in the asset neighbourhood

Shaddock Companies 401(k) PlanShaddock Companies 401(k) Pl…$45MGoodwyn Mills Cawood, LLC 401(k) Profit Sharing Plan and TrustGoodwyn Mills Cawood, LLC 40…$45MArmed Forces Benefit Association (Afba) 401(k) Incentive Savings PlanArmed Forces Benefit Associa…$45MJewelry Television Asset Accumulation 401(k) PlanJewelry Television Asset Acc…$45MBi Rite Restaurant Supply Co., Inc. 401(k) PlanBi Rite Restaurant Supply Co…$45M
End-of-year total assets ($M) among Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$45M
Net Income$7M
Employer EIN530209087
Plan Effective Date1985-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Armed Forces Benefit Assoc.)

Sponsor-wide plan assets over time

All Armed Forces Benefit Assoc. plans reported in each filing year

Latest sponsor-wide plan assets
$117M 12.499272477471376% vs 2022
2024 filing year
$100M$105M$110M$115M$120M 202220232024 $104M $117M ▲ +12.5%
Year Plans Participants Total Assets
2022 2 332 $104M
2023 2 345 $112M
2024 2 383 $117M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan, Total assets ($B): 0.044684717 · Participants: 179Armed Forces Benefit Association (Afba) 401(k) Incentive Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan side-by-side with 3 peers →

Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Jewelry Television Asset Accumulation 401(k) Plan in TN ($45M); by covered participants it is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (179 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan assets move in 2023? ▼
Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan grew sharply - up 18.8% during 2023, from $38M to $45M. Reported net income was $7M.
How have Armed Forces Benefit Assoc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Armed Forces Benefit Assoc.'s sponsor-wide assets grew 12.5%, from $104M to $117M.
Where does Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan rank by assets among Form 5500 filers? ▼
Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Jewelry Television Asset Accumulation 401(k) Plan in TN ($45M, 1,168 participants).
Which 401(k) plans cover a similar participant headcount to Armed Forces Benefit Association (Afba) 401(k) Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 530209087.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.