Atlantic Medical Imaging, LLC 401(k) Review & Grade
Ami 401(k) Profit Sharing Plan
West Atlantic City, NJHealth Care & Social Assistance896 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,703Employer $ per active participant
$4,900Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$97.9MNet plan assets, end of year
$80,307Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost23.8 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 95th |
| Employee saving | 78th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($343 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Atlantic Medical Imaging put in about $5,703 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $5,109,721 |
| Participant (employee) contributions | $4,390,008 |
| Other contributions (incl. rollovers in) | $1,292,040 |
| Administrative expenses paid from the plan | $18,239 |
| Benefits paid out | $4,148,153 |
| Net assets, start / end of year | $80.1M / $97.9M |
| Active participants, start / end of year | 880 / 912 |
| Participants with account balances | 1,219 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smolin, Lupin, & Co., LLC |
Largest service providers (Schedule C)
| Usi Consulting Group | $94,941 reported compensation |
| Charles Schwab Trust Bank | $10,936 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123340NAL0002296419001, received 2025-10-15, EIN 22-2222502, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.