Plan Snapshot
- Plan Sponsor: Impact Advisors, LLC
- Sponsor EIN: 208207247
- Sponsor Address: 400 E. DIEHL ROAD ST. 190, NAPERVILLE, IL, 60563
- Plan Type: 401(k)
- Total Participants: 642
- Total Assets: $58.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 642 | $58.4M | $2.1M | $7.5M |
| 2023 | 700 | $49.0M | $2.0M | $6.0M |
| 2022 | 454 | $37.7M | $1.4M | $4.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ASHE BENEFITS 401(K) ADV. SERVICES | Investment Advisor | $115,893 | — | $115,893 |
| EMPOWER ANNUITY INSURANCE CO OF AM | Recordkeeper | $47,279 | — | $47,279 |
| EMPOWER ADVISORY GROUP LLC | Investment Advisor | $26,791 | — | $26,791 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | Investment Advisor | $26,342 | — | $26,342 |
| HUNTER BENEFITS CONSULTING GROUP | Recordkeeper | $16,384 | — | $16,384 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $232,689
- Estimated Expense Ratio: 0.399% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $236,690 | $169,027 | — | $4,000 | — |
| 2023 | $181,918 | $128,948 | $14 | $7,994 | — |
| 2022 | $166,218 | $113,782 | $36,696 | — | $15,740 |