Retirement plan

AMI 401(K) PROFIT SHARING PLAN

Name: ATLANTIC MEDICAL IMAGING, LLC - AMI 401(K) PROFIT SHARING PLAN (2021) 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 2021

BAYPORT ONE OFFICE BUILDING, 8025 BLACK HORSE PIKE, SUITE 300 - WEST ATLANTIC CITY, NJ 08232609-653-8219atlanticmedicalimaging.comLinkedIn501-1000 employeesmedical practice

Other plans on this EIN

1 filing

#007Retirement-$24.3M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$73.8M

+12.1% from 2020

Total participants

912

+20.5% from 2020

Average account balance

$83,911

-5.1% from 2020

Annual return

15.75%

+0.86 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP3 years Service code 12 · EIN 06-1053228	Sub-transfer agency fees; Distributio...	$90,221
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009	Securities Custodian	$8,913

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$14K

$19 / participant

Contract admin$14K100.0%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMOLIN, LUPIN, & CO., LLC
Auditor EIN: 222258733
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,911

$56,540+48.4%

$185,851-54.9%

$86,821-3.4%

Participation rate

95.3%

65.5%+29.8pp

81.7%+13.6pp

72.3%+23.0pp

Annual return

15.75%

118.20%-102.5pp

122.11%-106.4pp

97.94%-82.2pp

Employer contribution / active EE

$2,445

$1,844+32.6%

$5,168-52.7%

$2,406+1.6%

Participant deferral / active EE

$3,317

$2,555+29.8%

$5,569-40.4%

$4,132-19.7%

Admin fee / account holder

$16

$150-89.5%

$16,245-99.9%

$170-90.8%

Provider

Service type

Compensation

USI CONSULTING GROUP3 years

Service code 12 · EIN 06-1053228

Sub-transfer agency fees; Distributio...

$90,221

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$8,913

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