Retirement plan

ALPHA MEDICAL EQUIPMENT OF NY, INC. 401(K) PLAN

Name: ALPHA MEDICAL EQUIPMENT OF NY, INC. - ALPHA MEDICAL EQUIPMENT OF NY, INC. 401(K) PLAN (2024) Form 5500
Creator: ALPHA MEDICAL EQUIPMENT OF NY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALPHA MEDICAL EQUIPMENT OF NY, INC. 401(K) PLAN, ALPHA MEDICAL EQUIPMENT OF NY, INC.

ALPHA MEDICAL EQUIPMENT OF NY, INC.EIN 11-3073896Plan #001PY 2024

10-12 PINE CT - NEW ROCHELLE, NY 108016908914-965-1616alphamedicalequipment.comLinkedIn11-50 employeesmedical devices

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.1M

+25.6% from 2023

Total participants

+2.6% from 2023

Average account balance

$153,693

+25.6% from 2023

Annual return

16.42%

-4.35 pp from 2023

Benchmarks

See 8,995 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,995 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.15M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$154K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$303K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$523

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2R2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$14K

$428 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,693

$101,798+51.0%

$165,071-6.9%

$80,935+89.9%

Participation rate

63.6%

71.8%-8.2pp

78.6%-15.0pp

67.7%-4.0pp

Annual return

16.42%

16.73%-0.3pp

70.17%-53.8pp

35.66%-19.2pp

Employer contribution / active EE

$2,984

$2,954+1.0%

$4,347-31.4%

$2,757+8.3%

Participant deferral / active EE

$6,198

$4,476+38.5%

$6,035+2.7%

$4,299+44.2%

Admin fee / account holder

$523

$8,221-93.6%

$12,695-95.9%

$6,924-92.4%

ALPHA MEDICAL EQUIPMENT OF NY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALPHA MEDICAL EQUIPMENT OF NY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion