Plan Ledger DOL Form 5500 · updated monthly

Ima Group Management Company401(k)

IMA GROUP MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN & TRUST · TARRYTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Ima Group Management Company reported $82,846 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $523 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 2 years on file its reported administrative ratio fell from 0.44% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 2,296th-largest of 5,648 plans among New York employers on file, and the 3,322nd of 11,911 in health care & social assistance. In 2024, employees put in $7.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,239,194
Participants with balances847
Active participants990
Employer contributions$517,447
Employee contributions$4,037,057
Employer contribution per active participant$523
Average account balance$27,437
Benefits paid to participants$2,867,059
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.2M · 847 accts · $517K emplr
2023$18.8M · 755 accts · $462K emplr
2022$13.7M · 612 accts · $372K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,767
Investment management$47,219
Trustee / custodial$860
Total administrative$82,846
The Ima Group Management Company 401(k) match · 2024
Employer contribution per active participant$523
Median for plans this size$2,416
2024$523 per active participant
2023$436 per active participant
2022$395 per active participant

Ima Group Management Company's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
PAYCHEX, INC. · Recordkeeping$34,994
WELLS FARGO ADVISORS · Investment advisory (participants)$47,219

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

Recordkeeper by year2
2024Paychex
2023ERISA FIDUCIARY SERVICES, INC., Paychex, Raymond James

This plan has changed recordkeepers within these filings. If you left Ima Group Management Company before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,846 · 0.39%
2023$62,641 · 0.38%
2022$60,828 · 0.44%
Same employer
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Promesa, Inc. NY$23.6M · 0.22%
Trillium Health, Inc. NY$23.4M · 0.52%
Freedom Care LLC NY$23.4M · 2.38%
Trinity Medical Wny PC NY$23.0M · 0.06%
Family Service League, Inc. NY$23.0M · 0.70%
Nascentia Health, Inc. NY$22.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474048992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.