Profit Sharing · DOL Form 5500 · 2022

Able Automotive, Inc. Profit Sharing Plan

Data updated 2026-08-25

$76K
Total assets Small plan by assets
1
Participants Small participant base
5th
Percentile by assets National rank
$75,500
Avg per participant Below avg balance/head
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Official DOL plan name: Able Automotive, Inc. Retirement Plan · Sponsored by Able Automotive, Inc. · Michigan · Other Services

$76K in assets, 1 participants

Able Automotive, Inc.'s Able Automotive, Inc. Retirement Plan reported $76K in total assets and 1 participant in its 2022 DOL Form 5500 filing, ranking in the 5th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #900 in Other Services (8,398 peers)

Able Automotive, Inc. multi-year trail

Able Automotive, Inc.'s plans moved -96.0% in assets from 2022 to 2024; this filing shows Able Automotive, Inc. Retirement Plan at $76K / 1 participant.

#900
in Other Services (8,398 peers)
-24.5%
assets change YoY

The plan reported a net loss of $25K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Able Automotive, Inc. Retirement Plan among the smaller filed plans by assets

Able Automotive, Inc. Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$75,500 5th percentile higher than 5% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Able Automotive, Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Able Automotive, Inc. Retirement Plan is a micro filing (1 participant), the leftmost band.

EBSA filing schedule strip

Filing strip 823283991 · Able Automotive, Inc. PY 2022 · Profit Sharing

Able Automotive, Inc. Retirement Plan · $76K · 1 · 5th

  • VS-ST $76K
  • BOY 1
  • SCH 5th
  • EBSA Profit Sharing
  • PART near Arc Abatement, Inc. 401(k) Plan
  • TYPE ind #900

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in Michigan →

Able Automotive, Inc. Retirement Plan in the asset neighbourhood

Able Automotive, Inc. Retirement PlanAble Automotive, Inc. Retire…$76KArc Abatement, Inc. 401(k) PlanArc Abatement, Inc. 401(k) P…$76KSalvador J Gomez Carbia Retirement PlanSalvador J Gomez Carbia Reti…$76KKids Win Inc. Retirement Plan$76KT-Four Inc. Retirement Plan$75K
End-of-year total assets ($M) among Able Automotive, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Able Automotive, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Able Automotive, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3K 96.02649006622516% vs 2022
2024 filing year
$0M$0.05M$0.1M 202220232024 $0.08M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 1 $76K
2023 1 1 $20K
2024 1 1 $3K

Able Automotive, Inc. filing trail (2022)

Total Assets (Beginning of Year)$100K
Net Assets (End of Year)$76K
Net Income-$25K
Employer EIN823283991
Plan Effective Date2017-11-02
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Michigan

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Able Automotive, Inc. Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Able Automotive, Inc. Retirement Plan, Total assets ($B): 0.0000755 · Participants: 1Able Automotive, Inc. Retirement PlanHenry Ford Health System Retirement Savings Plan, Total assets ($B): 1.562673044 · Participants: 15480Henry Ford Health System Retirement Savings PlanConstruction Industry Retirement Fund of Rockford, Total assets ($B): 0.474769731 · Participants: 10395Construction Industry Retirement Fund of RockfordOhio Carpenters' Annuity Plan, Total assets ($B): 0.370960232 · Participants: 8330Ohio Carpenters' Annuity PlanIBEW Local 150 Supplemental Pension Fund, Total assets ($B): 0.247597207 · Participants: 1286IBEW Local 150 Supplemental Pension FundHemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan, Total assets ($B): 0.233598708 · Participants: 687Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan
Able Automotive, Inc. Retirement Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants
Compare Able Automotive, Inc. Retirement Plan side-by-side with 3 peers →

Able Automotive, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Arc Abatement, Inc. 401(k) Plan in TX ($76K); by covered participants it is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($76K here).

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Able Automotive, Inc. Retirement Plan assets move in 2022? ▼
Able Automotive, Inc. Retirement Plan declined sharply - down 24.5% during 2022, from $100K to $76K. Reported net income was -$25K.
How have Able Automotive, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Able Automotive, Inc.'s sponsor-wide assets declined 96.0%, from $76K to $3K.
Where does Able Automotive, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Able Automotive, Inc. Retirement Plan ranks in the 5th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Able Automotive, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Arc Abatement, Inc. 401(k) Plan in TX ($76K, 268 participants).
Which Profit Sharing plans cover a similar participant headcount to Able Automotive, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant, $272K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 823283991.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.