Retirement plan

ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST

Name: ARMSTRONG MEDICAL INDUSTRIES, INC. - ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST (2022) Form 5500
Creator: ARMSTRONG MEDICAL INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST, ARMSTRONG MEDICAL INDUSTRIES, INC.

ARMSTRONG MEDICAL INDUSTRIES, INC.EIN 36-2592084Plan #001PY 2022

575 KNIGHTSBRIDGE PARKWAY - LINCOLNSHIRE, IL 60069847-913-0101armstrongmedical.comLinkedIn51-200 employeesmedical devices

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.8M

+6.2% from 2021

Total participants

128

+0.8% from 2021

Average account balance

$92,177

+5.4% from 2021

Annual return

3.02%

-1.94 pp from 2021

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.30M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

117

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$775K

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

+3.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 1 by compensation

Provider	Service type	Compensation
SENTRY LIFE INSURANCE COMPANY1 year Service code 64 · EIN 39-6040276	Recordkeeping Fees	$755

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$20 / participant

Investment mgmt$89354.2%
Contract admin$75545.8%

% of EOY assets

0.014%

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: WEISS & COMPANY, LLP
Auditor EIN: 362663249
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,177

$81,870+12.6%

$119,622-22.9%

$68,486+34.6%

Participation rate

100.0%

71.9%+28.1pp

79.3%+20.7pp

67.9%+32.1pp

Annual return

3.02%

-23.82%+26.8pp

-14.98%+18.0pp

-7.85%+10.9pp

Employer contribution / active EE

$4,904

$2,692+82.2%

$4,232+15.9%

$2,597+88.9%

Participant deferral / active EE

$3,835

$4,148-7.6%

$5,601-31.5%

$4,028-4.8%

Admin fee / account holder

$13

$6,583-99.8%

$10,328-99.9%

$5,404-99.8%

Provider

Service type

Compensation

SENTRY LIFE INSURANCE COMPANY1 year

Service code 64 · EIN 39-6040276

Recordkeeping Fees

$755

ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST

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