Business Impact Group, LLC401(k)
BUSINESS IMPACT GROUP 401(K) PLAN · CHANHASSEN, MN · plan year 2023
Business Impact Group, LLC reported $56,976 in plan administrative expenses for 2023: 0.95% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Minnesota (1,470th of 1,918), and 3,410th of 4,246 in wholesale trade.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 200826767 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.