Retirement plan

ABSOLUTE MEDICAL EQUIPMENT 401(K) PLAN

Name: ABSOLUTE MEDICAL EQUIPMENT, INC. - ABSOLUTE MEDICAL EQUIPMENT 401(K) PLAN (2024) Form 5500
Creator: ABSOLUTE MEDICAL EQUIPMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABSOLUTE MEDICAL EQUIPMENT 401(K) PLAN, ABSOLUTE MEDICAL EQUIPMENT, INC.

ABSOLUTE MEDICAL EQUIPMENT, INC.EIN 58-2601705Plan #001PY 2024

30 EAST GORDON ROAD - NEWNAN, GA 30263678-854-9234

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.3M

+18.1% from 2023

Total participants

-6.3% from 2023

Average account balance

$189,894

+18.1% from 2023

Annual return

16.87%

-7.80 pp from 2023

Benchmarks

See 22,321 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,321 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.20M

Not enough data

1 years with asset history on file

Average account balance

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

$220K

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.

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.

500.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39090

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,894

$111,785+69.9%

$93,669+102.7%

$145,877+30.2%

Participation rate

57.1%

74.2%-17.1pp

68.7%-11.6pp

80.3%-23.2pp

Annual return

16.87%

203.79%-186.9pp

133.59%-116.7pp

551.28%-534.4pp

Employer contribution / active EE

$1,052

$3,096-66.0%

$2,424-56.6%

$4,663-77.4%

Participant deferral / active EE

$2,220

$4,919-54.9%

$4,416-49.7%

$6,691-66.8%

Admin fee / account holder

$10,256-100.0%

$8,291-100.0%

$13,402-100.0%

ABSOLUTE MEDICAL EQUIPMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ABSOLUTE MEDICAL EQUIPMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion