Plan Ledger DOL Form 5500 · updated monthly

Ima Financial Group, Inc.401(k)

IMA FINANCIAL GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST · WICHITA, KS · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Ima Financial Group, Inc. reported $576,174 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,376 per active participant. 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 0.21%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 21st-largest of 828 plans among Kansas employers on file, and the 427th of 4,798 in finance & insurance. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has grown from 1,900 to 2,726 since 2022.

Plan summary
Net assets, end of year$317,218,834
Participants with balances2,980
Active participants2,726
Employer contributions$11,928,484
Employee contributions$23,606,547
Employer contribution per active participant$4,376
Average account balance$106,449
Benefits paid to participants$19,986,450
Plan auditUnmodified (clean) audit opinion
AuditorALLEN, GIBBS AND HOULIK, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$317.2M · 2,980 accts · $11.9M emplr
2023$233.4M · 2,088 accts · $9.5M emplr
2022$182.0M · 2,089 accts · $8.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$394,158
Investment management$182,016
Total administrative$576,174
The Ima Financial Group, Inc. 401(k) match · 2024
Employer contribution per active participant$4,376
Median for plans this size$4,294
2024$4,376 per active participant
2023$4,095 per active participant
2022$4,189 per active participant

Ima Financial Group, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$182,016

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$576,174 · 0.21%
2023$439,946 · 0.21%
2022$353,881 · 0.22%
Same employer
Similar plansFinance & Insurance · Kansas
Security Benefit Corporation KS$389.2M · 0.01%
Creative Planning LLC KS$371.2M · 0.08%
Mariner Wealth Advisors, LLC KS$278.3M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480805634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.