Plan Snapshot
- Plan Sponsor: Impact Networking, LLC
- Sponsor EIN: 364292481
- Sponsor Address: 13875 WEST BOULTON BLVD., LAKE FOREST, IL, 60045
- Plan Type: 401(k)
- Total Participants: 879
- Total Assets: $35.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 879 | $35.6M | $0 | $5.0M |
| 2023 | 943 | $31.5M | $0 | $4.9M |
| 2022 | 931 | $24.9M | $0 | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | $101,910 | — | $101,910 |
| ALLIANCE PENSION CONSULTANTS, LLC | Recordkeeper | $81,977 | — | $81,977 |
| CHARLES SCHWAB TRUST BANK | Custodian / Trustee | — | $63,088 | $63,088 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Investment Advisor
- CHARLES SCHWAB TRUST BANK — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $246,975
- Estimated Expense Ratio: 0.694% 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 | $183,886 | $101,910 | — | — | — |
| 2023 | $125,172 | $60,294 | — | — | — |
| 2022 | $108,696 | $83,237 | — | — | $25,459 |