Plan Snapshot
- Plan Sponsor: Impower, INC.
- Sponsor EIN: 650439778
- Sponsor Address: 2290 N RONALD REAGAN BLVD, STE. 116, LONGWOOD, FL, 32750
- Plan Type: 401(k)
- Total Participants: 119
- Total Assets: $2.8M
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 | 119 | $2.8M | $0 | $300,072 |
| 2023 | 122 | $2.5M | $35,149 | $301,438 |
| 2022 | 127 | $2.0M | $0 | $240,069 |
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 |
|---|---|---|---|---|
| WITHUMSMITH & BROWN, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH & BROWN, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $36,020 | $36,020 | — | — | — |
| 2023 | $30,479 | $30,479 | — | — | — |
| 2022 | $39,081 | — | $39,081 | — | — |