Plan Ledger DOL Form 5500 · updated monthly

Impact Healthcare, LLC401(k)

RETIREMENT INCOME SECURITY PLAN-IMPACT HEALTHCARE, LLC · LEHI, UT · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Impact Healthcare, LLC reported $46,506 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $156 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 1.06% to 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Utah (585th of 848), and 7,596th of 11,911 in health care & social assistance. In 2024, employees put in $7.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,570,636
Participants with balances221
Active participants883
Employer contributions$137,557
Employee contributions$1,076,663
Employer contribution per active participant$156
Average account balance$25,206
Benefits paid to participants$287,013
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 221 accts · $138K emplr
2023$4.1M · 175 accts · $67K emplr
2022$2.7M · 136 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,021
Investment management$18,614
Trustee / custodial$871
Total administrative$46,506
The Impact Healthcare, LLC 401(k) match · 2024
Employer contribution per active participant$156
Median for plans this size$1,313
2024$156 per active participant
2023$81 per active participant
2022$57 per active participant

Impact Healthcare, LLC's 2024 employer contribution ran below the $1,313 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 · 20244
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$15,386
SPECTRA MANAGEMENT, LLC · Investment advisory (participants) · Investment advisory (plan)$18,614
HEALTHEQUITY RETIREMENT SERVICES, L · Claims processing · Plan administrator$11,634
MATRIX TRUST COMPANY · Custodial (securities) · Loan processing$871

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$46,506 · 0.96%
2023$30,205 · 0.89%
2022$30,014 · 1.06%
Same employer
Similar plansHealth Care & Social Assistance · Utah
Utah Food Bank UT$5.7M · 0.72%
Regents Management LLC UT$5.6M · 0.85%
Ehh Holdco, Inc. UT$5.4M · 0.66%
Daywest Management, Inc. UT$5.3M · 0.39%
Stonehenge of Orem LLC UT$5.1M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464417642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.