Retirement plan

ACUTUS MEDICAL, INC. 401(K) PLAN

Name: ACUTUS MEDICAL, INC. - ACUTUS MEDICAL, INC. 401(K) PLAN (2020) Form 5500
Creator: ACUTUS MEDICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACUTUS MEDICAL, INC. 401(K) PLAN, ACUTUS MEDICAL, INC.

ACUTUS MEDICAL, INC.EIN 45-1306615Plan #001PY 2020

2210 FARADAY AVE. SUITE 100 - CARLSBAD, CA 92008619-252-6425acutusmedical.comLinkedIn51-200 employeesmedical devices

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$6M

+61.0% from 2019

Total participants

276

+38.7% from 2019

Average account balance

$23,330

+10.7% from 2019

Annual return

23.53%

-4.30 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 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
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA RETIRMENT SOLUTIONS, L Service code 15 · EIN 13-3689044	Recordkeeping	$18,007
SAN DIEGO PENSION CONSULTANTS4+ years Filed as: SAN DIEGO PENSION CONSULTANTS, INC. Service code 15 · EIN 33-0461574	Recordkeeping	$1,927

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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$89 / participant

Investment mgmt$20K100.0%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LAVINE, LOFGREN, MORRIS & ENGELBERG
Auditor EIN: 330690020
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,330

$73,638-68.3%

$95,956-75.7%

$73,493-68.3%

Participation rate

91.1%

76.2%+14.9pp

77.1%+14.0pp

70.7%+20.4pp

Annual return

23.53%

16.78%+6.8pp

91.63%-68.1pp

28.51%-5.0pp

Employer contribution / active EE

$1,863-100.0%

$2,541-100.0%

$2,270-100.0%

Participant deferral / active EE

$8,958

$3,617+147.7%

$4,167+115.0%

$3,740+139.5%

Admin fee / account holder

$78

$482-83.8%

$6,797-98.9%

$513-84.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA RETIRMENT SOLUTIONS, L

Service code 15 · EIN 13-3689044

Recordkeeping

$18,007

SAN DIEGO PENSION CONSULTANTS4+ years

Filed as: SAN DIEGO PENSION CONSULTANTS, INC.

Service code 15 · EIN 33-0461574

Recordkeeping

$1,927

ACUTUS MEDICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACUTUS MEDICAL, INC. 401(K) 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