Plan Ledger DOL Form 5500 · updated monthly

American Ambulance Service, Inc.401(k)

AMERICAN AMBULANCE SERVICE, INC. PROFIT SHARING PLAN · NORWICH, CT · plan year 2022

Reported admin expense ratio · 2022
1.27%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

American Ambulance Service, Inc. reported $93,527 in plan administrative expenses for 2022: 1.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $611 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 fell from 1.27% to 1.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (866th of 1,106), and 7,216th of 11,911 in health care & social assistance. In 2022, employees put in $3.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,270,892
Participants with balances197
Active participants191
Employer contributions$116,757
Employee contributions$392,669
Employer contribution per active participant$611
Average account balance$31,832
Benefits paid to participants$1,185,071
Plan auditUnmodified (clean) audit opinion
AuditorVISCONTI AND ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $864 emplr
2023$6.1M · 187 accts · $125K emplr
2022$6.3M · 197 accts · $117K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$93,527
Total administrative$93,527
The American Ambulance Service, Inc. 401(k) match · 2022
Employer contribution per active participant$611
Median for plans this size$1,114
2023$688 per active participant
2022$611 per active participant

American Ambulance Service, Inc.'s 2022 employer contribution ran below 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.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$74,454 · 1.20%
2022$93,527 · 1.27%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Clasp Homes Inc CT$6.4M · 0.10%
United Services, Inc. CT$6.4M · 0.03%
Link-In Benefits, LLC CT$6.4M · 0.23%
Jerome Home CT$6.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061028857 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.