Retirement plan

AMI 401(K) PROFIT SHARING PLAN

Name: ATLANTIC MEDICAL IMAGING, LLC - AMI 401(K) PROFIT SHARING PLAN (2023) 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 2023

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-$25.8M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$80.1M

+25.1% from 2022

Total participants

1,123

+18.7% from 2022

Average account balance

$72,967

+6.6% from 2022

Annual return

19.85%

+35.83 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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 GROUP5 years Service code 12 · EIN 06-1053228	Recordkeeping fees; Redemption fees; ...	$86,867
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009	Securities Custodian	$9,429

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

$15K

$17 / participant

Salaries / allowances$15K100.0%

% of EOY assets

0.018%

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

$72,967

$47,180+54.7%

$149,723-51.3%

$74,473-2.0%

Participation rate

97.1%

63.4%+33.7pp

78.8%+18.4pp

70.7%+26.4pp

Annual return

19.85%

22.75%-2.9pp

134.50%-114.6pp

34.36%-14.5pp

Employer contribution / active EE

$4,854

$1,907+154.5%

$4,821+0.7%

$2,638+84.0%

Participant deferral / active EE

$4,332

$2,730+58.7%

$5,682-23.8%

$4,530-4.4%

Admin fee / account holder

$13

$343-96.1%

$13,215-99.9%

$347-96.1%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Service code 12 · EIN 06-1053228

Recordkeeping fees; Redemption fees; ...

$86,867

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$9,429

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