Retirement plan

ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST

Name: ARMSTRONG MEDICAL INDUSTRIES, INC. - ARMSTRONG MEDICAL INDUSTRIES, INC. PROFIT SHARING TRUST (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.2M

+3.1% from 2022

Total participants

124

-3.1% from 2022

Average account balance

$98,101

+6.4% from 2022

Annual return

1.37%

-1.66 pp from 2022

Benchmarks

See 9,213 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,213 peers

Snapshot2023

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 COMPANY2 years Service code 64 · EIN 39-6040276	Recordkeeping Fees	$125

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1K

$17 / participant

Investment mgmt$1K90.6%
Contract admin$1259.4%

% of EOY assets

0.011%

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

$98,101

$91,525+7.2%

$130,026-24.6%

$75,181+30.5%

Participation rate

100.0%

71.4%+28.6pp

78.5%+21.5pp

67.2%+32.8pp

Annual return

1.37%

-631.40%+632.8pp

-137.26%+138.6pp

160.69%-159.3pp

Employer contribution / active EE

$5,000

$2,844+75.8%

$4,321+15.7%

$2,671+87.2%

Participant deferral / active EE

$3,661

$4,342-15.7%

$5,821-37.1%

$4,126-11.3%

Admin fee / account holder

$11

$6,778-99.8%

$10,608-99.9%

$5,650-99.8%

Provider

Service type

Compensation

SENTRY LIFE INSURANCE COMPANY2 years

Service code 64 · EIN 39-6040276

Recordkeeping Fees

$125

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