Retirement plan

ATLANTIC MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: ATLANTIC MEDICAL MANAGEMENT, LLC - ATLANTIC MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ATLANTIC MEDICAL MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, ATLANTIC MEDICAL MANAGEMENT, LLC

ATLANTIC MEDICAL MANAGEMENT, LLCEIN 27-4374467Plan #001PY 2024

118 MEMORIAL DRIVE - JACKSONVILLE, NC 285466328980-999-2765ammhealthcare.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$14.5M

-19.4% from 2023

Total participants

450

-26.7% from 2023

Average account balance

$43,163

+35.4% from 2023

Annual return

12.02%

-1.27 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.46M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

335

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$381

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
CHAPEL HILL INVESTMENT ANALYSTS6+ years Service code 26 126 MATHEWS ST · GREENSBURG, PA 15601	Advisory (Participants)	$62,372
ALERUS FINANCIAL, N.A.6+ years Filed as: ALERUS FINANCIAL NA Service code 15 ATTENTION TRUST OPERATIONS · ST PAUL, MN 55164	Recordkeeping	$15,593
KEYSTONE WEALTH ADVISORS INC6+ years Filed as: KEYSTONE BENEFITS GROUP, INC. Service code 70 314 OLD ROUTE 30 · GREENSBURG, PA 15601	Consulting Fees	$7,797

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D2X

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$128K

$415 / participant

Recordkeeping$19K14.8%
Investment mgmt$87K68.1%
Other / not subdivided$22K17.2%

% of EOY assets

0.882%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LALLY & CO
Auditor EIN: 814474059
Audit fees: $21,900
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,163

$50,919-15.2%

$155,556-72.3%

$77,762-44.5%

Participation rate

62.5%

63.1%-0.5pp

78.2%-15.7pp

70.6%-8.0pp

Annual return

12.02%

34.84%-22.8pp

64.84%-52.8pp

31.27%-19.2pp

Employer contribution / active EE

$1,967

$1,991-1.2%

$4,675-57.9%

$2,728-27.9%

Participant deferral / active EE

$2,207

$2,824-21.9%

$5,631-60.8%

$4,651-52.5%

Admin fee / account holder

$381

$437-12.8%

$15,885-97.6%

$433-12.1%

Provider

Service type

Compensation

CHAPEL HILL INVESTMENT ANALYSTS6+ years

Service code 26

126 MATHEWS ST · GREENSBURG, PA 15601

Advisory (Participants)

$62,372

ALERUS FINANCIAL, N.A.6+ years

Filed as: ALERUS FINANCIAL NA

Service code 15

ATTENTION TRUST OPERATIONS · ST PAUL, MN 55164

Recordkeeping

$15,593

KEYSTONE WEALTH ADVISORS INC6+ years

Filed as: KEYSTONE BENEFITS GROUP, INC.

Service code 70

314 OLD ROUTE 30 · GREENSBURG, PA 15601

Consulting Fees

$7,797

ATLANTIC MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC MEDICAL MANAGEMENT, LLC 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