Plan Ledger DOL Form 5500 · updated monthly

Imcorp401(k)

IMCORP 401(K) PLAN · MANCHESTER, CT · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Imcorp reported $22,101 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $4,749 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 has held roughly steady near 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Connecticut (995th of 1,106), and 10,584th of 11,654 in professional & technical services. In 2023, employees put in $2.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,867,664
Participants with balances80
Active participants51
Employer contributions$242,174
Employee contributions$523,351
Employer contribution per active participant$4,749
Average account balance$35,846
Benefits paid to participants$1,121,255
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA, MILONE, & LASARACINA LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2.9M · 80 accts · $242K emplr
2022$2.8M · 104 accts · $764K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$22,101
Total administrative$22,101
The Imcorp 401(k) match · 2023
Employer contribution per active participant$4,749
Median for plans this size$1,308
2023$4,749 per active participant
2022$9,318 per active participant

Imcorp's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,101
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$22,101 · 0.78%
2022$20,666 · 0.81%
Similar plansProfessional & Technical Services · Connecticut
Button, Inc. CT$3.5M · 1.06%
Diameter Health, Inc. CT$3.0M · 0.03%
Safe Home Security CT$2.3M · 0.17%
Cyma Systems Inc CT$2.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061432101 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.