Plan Snapshot
- Plan Sponsor: The Herring Impact Group, LLC
- Sponsor EIN: 260392325
- Sponsor Address: 12977 N. OUTER 40 DR. STE. 300, ST. LOUIS, MO, 63141
- Plan Type: 401(k)
- Total Participants: 84
- Total Assets: $9.5M
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 | 84 | $9.5M | $185,499 | $548,471 |
| 2023 | 80 | $9.8M | $142,652 | $511,481 |
| 2022 | 90 | $8.4M | $131,377 | $445,042 |
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 |
|---|---|---|---|---|
| MONETA GROUP LLC | Other Service Provider | $24,981 | — | $24,981 |
| EPIC RETIREMENT PLAN SERVICES | Recordkeeper | $13,401 | — | $13,401 |
| CHARLES SCHWAB TRUST BANK | Recordkeeper | — | $5,542 | $5,542 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EPIC RETIREMENT PLAN SERVICES — Recordkeeper
- CHARLES SCHWAB TRUST BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,924
- Estimated Expense Ratio: 0.463% 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 | $38,382 | $24,981 | — | — | — |
| 2023 | $47,358 | $22,876 | — | — | — |
| 2022 | $50,345 | $23,794 | — | — | — |