Able Equipment Rental, Inc.401(k)
ABLE EQUIPMENT RENTAL, INC. 401(K) PLAN · DEER PARK, NY · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Able Equipment Rental, Inc. reported $1,503 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,747 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (4,246th of 5,648), and 1,312th of 2,534 in administrative & support services. In 2022, employees put in $2.62 for every $1.00 the employer contributed.
Able Equipment Rental, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 113351733 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.