Able Equipment Rental, Inc. 401(k) Plan

401(k) · DOL Form 5500 · 2023

What the Filing Says About Able Equipment Rental, Inc. 401(k) Plan

Able Equipment Rental, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Able Equipment Rental, Inc., headquartered in New York. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 196 participants across the Administrative & Support Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 113351733, and the plan has been effective since 2007-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets contracted severely from $6M at the beginning of 2023 to $4M at year-end - down 35.3%. Net assets (after liabilities) closed the year at $4M, with reported net income of -$2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Across the 2 plan years Able Equipment Rental, Inc. has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $6M to $4M, a decline of 35.3%, while reported participants moved from 142 to 196 (+38.0%). Year-by-year, sponsor-wide filings show: 2022 - $6M in assets across 1 plan covering 142 participants; 2023 - $4M in assets across 1 plan covering 196 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Able Equipment Rental, Inc. 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.