Able Health Care Services Inc. Employee Retirement Plan

Money Purchase · DOL Form 5500 · 2024

What the Filing Says About Able Health Care Services Inc. Employee Retirement Plan

Able Health Care Services Inc. Employee Retirement Plan is a Money Purchase retirement plan sponsored by Ablehealthcare Services, Inc., headquartered in New York. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $668K in total end-of-year assets and covers 119 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 113087487, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets contracted severely from $3M at the beginning of 2024 to $668K at year-end - down 74.2%. Net assets (after liabilities) closed the year at $668K, 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 2 prior plan-year filings from the same sponsor shown below.

Across the 3 plan years Ablehealthcare Services, Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $3M to $668K, a decline of 75.5%, while reported participants moved from 891 to 119 (-86.6%). The strongest year on file by total sponsor assets was 2022 at $3M; the softest was 2024 at $668K. Year-by-year, sponsor-wide filings show: 2022 - $3M in assets across 1 plan covering 891 participants; 2023 - $3M in assets across 1 plan covering 144 participants; 2024 - $668K in assets across 1 plan covering 119 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 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank Able Health Care Services Inc. Employee Retirement 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.