Retirement plan

AMI 401(K) PROFIT SHARING PLAN

Name: ATLANTIC MEDICAL IMAGING, LLC - AMI 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: ATLANTIC MEDICAL IMAGING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMI 401(K) PROFIT SHARING PLAN, ATLANTIC MEDICAL IMAGING, LLC

ATLANTIC MEDICAL IMAGING, LLCEIN 22-2222502Plan #006PY 2019

72 WEST JIMMIE LEEDS ROAD, SUITE 1100 - GALLOWAY, NJ 08205609-653-8219atlanticmedicalimaging.comLinkedIn501-1000 employeesmedical practice

Other plans on this EIN

1 filing

#007Retirement-$16.0M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$57.7M

+21.3% from 2018

Total participants

661

+18.7% from 2018

Average account balance

$87,576

+1.5% from 2018

Annual return

23.74%

+29.40 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$97.89M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

1,219

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Service code 12 · EIN 06-1053228	Participant loan processing; Account ...	$55,252
CHERNOFF DIAMOND & CO., LLC5+ years Service code 11 · EIN 11-2836994	Actuarial	$19,673
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$9,953

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$14K

$23 / participant

Contract admin$14K100.0%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SMOLIN, LUPIN, AND CO.
Auditor EIN: 222258733
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,576

$62,928+39.2%

$172,753-49.3%

$67,582+29.6%

Participation rate

99.7%

64.5%+35.2pp

82.6%+17.0pp

71.3%+28.4pp

Annual return

23.74%

30.36%-6.6pp

803.00%-779.3pp

378.57%-354.8pp

Employer contribution / active EE

$2,320

$1,636+41.8%

$5,144-54.9%

$2,148+8.0%

Participant deferral / active EE

$3,072

$2,145+43.2%

$5,198-40.9%

$3,539-13.2%

Admin fee / account holder

$21

$167-87.5%

$13,956-99.9%

$142-85.4%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Service code 12 · EIN 06-1053228

Participant loan processing; Account ...

$55,252

CHERNOFF DIAMOND & CO., LLC5+ years

Service code 11 · EIN 11-2836994

Actuarial

$19,673

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$9,953

AMI 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMI 401(K) PROFIT SHARING 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