Impact Business Group401(k)
IMPACT BUSINESS GROUP 401(K) PLAN · GRAND RAPIDS, MI · plan year 2023
Impact Business Group reported $10,770 in plan administrative expenses for 2023: 1.26% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio rose from 0.73% to 1.26%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Michigan (2,488th of 2,619), and 11,263rd of 11,654 in professional & technical services.
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 202221874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.