AmeriServ Financial, Inc. 401(k) match: 3% max
AmeriServ Financial 401(k) Profit Sharing Plan · ASRV · CIK 707605
Maximum employer match, as a share of pay
3%
AmeriServ Financial, Inc. matches 50% of the first 6% of pay.
From the Form 11-K filed June 23, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · what it used to be · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What AmeriServ Financial puts in, and what the plan costs
What AmeriServ Financial put into the plan, per active participant
$2,807
AmeriServ Financial, Inc. put $2,807 into this plan for each of its 350 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
AmeriServ Financial put in less per active participant than 63% of plans with 100–499 participants at banks and lenders. The middle plan in that group of 1,407 reported $3,328. Banks and lenders comes from business code 522110, which AmeriServ Financial entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much AmeriServ Financial pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 250851535, plan 002 · DOL EFAST2 ↗
The $2,807 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. AmeriServ Financial, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What AmeriServ Financial puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“Non-union employees hired or rehired after December 31, 2012, will be provided an employer matching contribution equal to 50% of the first 6% of deferred compensation in addition to a non-elective contribution of 4% of their base pay plus commissions.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 5% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their voluntary contributions plus actual earnings thereon. Vesting in the Company’s contributions in the Plan is based on completion of credited service years. A credited service year is considered one in which the participant completed at least 1,000 hours of service. Employees become 100% vested after three years of credited service.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
23rd percentile
$49.39 per participant in plan-paid administrative cost, cheaper than 77% of plans with 100–499 participants.
What is AmeriServ Financial's 401(k) match formula?
AmeriServ Financial's 401(k) employer match tops out at 3% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 50% of the first 6% of pay |
|---|---|
| Maximum employer match | 3% of compensation |
| Conditions | This 50% of first 6% formula applies to non-union employees hired or rehired after December 31, 2012. Full-time salaried union employees hired after December 31, 2013 instead receive a dollar for dollar match up to 4% of eligible compensation, a term applicable to United Steelworkers of America, AFL-CIO-CLC, Local Union 2635-06 members; other eligible union employees receive no match, only a non-elective contribution. |
| Current formula effective | January 1, 2013 |
| Other employer contribution | Non-union employees hired or rehired after December 31, 2012 receive a non-elective contribution of 4% of their base pay plus commissions, in addition to the match. |
| Other employer contribution | Full-time salaried union employees hired after December 31, 2013 receive a non-elective contribution of 4% of their total eligible compensation, in addition to their dollar for dollar match up to 4%. |
| Other employer contribution | All other eligible union employees receive a non-elective contribution of 4% based on their total eligible compensation (no employer match). |
| Other employer contribution | The Company has the right to make other discretionary contributions to the Plan, allocated on an annual basis as a percentage of compensation of eligible participants for the year as defined in the plan document. |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $1,800 for the year.
What the filing says, word for word
“Non-union employees hired or rehired after December 31, 2012, will be provided an employer matching contribution equal to 50% of the first 6% of deferred compensation in addition to a non-elective contribution of 4% of their base pay plus commissions.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What did AmeriServ Financial's 401(k) match used to be?
AmeriServ Financial changed its 401(k) match on January 1, 2013. The formula in force now is 50% of the first 6% of pay.
| Since January 1, 2013 | 50% of the first 6% of pay |
|---|---|
| Before | For non-union employees hired on or before December 31, 2012, the match is 50% of the first 2% of pretax 401(k) contributions with no non-elective contributions. |
What is AmeriServ Financial's 401(k) vesting schedule?
AmeriServ Financial vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Year of service | A credited service year is considered one in which the participant completed at least 1,000 hours of service. |
Vesting, word for word
“Participants are immediately vested in their voluntary contributions plus actual earnings thereon. Vesting in the Company’s contributions in the Plan is based on completion of credited service years. A credited service year is considered one in which the participant completed at least 1,000 hours of service. Employees become 100% vested after three years of credited service.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
Who can join AmeriServ Financial's 401(k), and is enrollment automatic?
AmeriServ Financial's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | Non-union and union employees not in the defined benefit pension plan and hired prior to January 1, 2013 (non-union) or January 1, 2014 (union) may enter the plan after attaining the later of age 21 or completion of 12 consecutive months of service with at least 500 hours of service. Non-union and union employees hired or rehired after December 31, 2012 (non-union) or December 31, 2013 (union) are eligible to participate upon completion of one hour of service. |
|---|---|
| Match eligibility | Employees hired before the applicable 2013/2014 cutoff are eligible to participate but are not eligible to receive an employer discretionary contribution until achieving 1,000 hours of service. |
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“Non-union and union employees (not in the defined benefit pension plan) hired prior to January 1, 2013 and January 1, 2014, respectively, who have attained the latter of the age of 21 or completion of 12 consecutive months of service with at least 500 hours of service are eligible to participate but are not eligible to receive an employer discretionary contribution until achieving 1,000 hours of service. Non-union and union employees (not in the defined benefit pension plan) hired or rehired after December 31, 2012 and December 31, 2013, respectively, are eligible to participate upon the completion of one hour of service.”
Source: Form 11-K filed June 23, 2026, SEC EDGAR · SEC ↗
What does the AmeriServ Financial plan report on Form 5500?
The AmeriServ Financial plan reported $42.7M in assets and 481 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Ameriserv Financial 401(k) Profit Sharing |
|---|---|
| Total plan assets | $42,652,991 |
| Participants | 481 |
| Recordkeeper | Ameriserv Wealth Advisors, A Subsidiary Of Ameriserv Financial Bank And Trustee Of The Plan |
| Plan-paid admin cost per participant | $49.39 |
How that cost compares
This plan pays $49.39 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Ameriserv Financial 401(k) Profit Sharing, which has no page of its own here.
How does AmeriServ Financial's 401(k) match compare?
AmeriServ Financial, Inc.'s maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two land near AmeriServ Financial's maximum match and one vests on the same schedule.
Maximum match 2.5% of pay. Also at banks and lenders.
Maximum match 3% of pay. Also at banks and lenders.
Maximum match 3% of pay. Also at banks and lenders.
Maximum match 3% of pay, level with AmeriServ Financial.
Maximum match 3% of pay, level with AmeriServ Financial.
Employer match vests in full after 3 years. Same 3-year cliff as AmeriServ Financial.
Compare AmeriServ Financial, Inc. with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 23, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is AmeriServ Financial, Inc.'s 401(k) match?
AmeriServ Financial, Inc. matches 50% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the AmeriServ Financial, Inc. 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does AmeriServ Financial, Inc.'s 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Did AmeriServ Financial, Inc. change its 401(k) match?
Yes. For non-union employees hired on or before December 31, 2012, the match is 50% of the first 2% of pretax 401(k) contributions with no non-elective contributions. The current terms took effect January 1, 2013.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that AmeriServ Financial, Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | AmeriServ Financial, Inc. |
| SEC CIK | 707605 |
| Accession number | 0001104659-26-076821 |
| Plan | AmeriServ Financial 401(k) Profit Sharing Plan |
| Period of report | December 31, 2025 |
| Filed | June 23, 2026 |
401(k) Monitor is not affiliated with AmeriServ Financial, Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “AmeriServ Financial, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001104659-26-076821, plan year ended December 31, 2025.
