Plan Ledger DOL Form 5500 · updated monthly

Impex Inc401(k)

IMPEX 401(K) PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.77%

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

Impex Inc reported $6,832 in plan administrative expenses for 2024: 0.77% of average plan assets, below the peer median. Employer contributions averaged $1,352 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 1 year on file its reported administrative ratio rose from 0.37% to 0.77%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in North Carolina (1,851st of 2,005), and 4,874th of 5,215 in retail trade. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,315,934
Participants with balances224
Active participants220
Employer contributions$297,332
Employee contributions$609,660
Employer contribution per active participant$1,352
Average account balance$5,875
Benefits paid to participants$176,662
Plan auditUnmodified (clean) audit opinion
AuditorKB CPA SERVICES
Plan history2
Yearassets · accounts · employer contribution
2024$1.3M · 224 accts · $297K emplr
2023$457K · 131 accts · $145K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,832
Total administrative$6,832
The Impex Inc 401(k) match · 2024
Employer contribution per active participant$1,352
Median for plans this size$540
2024$1,352 per active participant
2023$728 per active participant

Impex Inc's 2024 employer contribution ran above the $540 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ADP, INC. · Loan processing · Recordkeeping$6,832

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history2
2024$6,832 · 0.77%
2023$1,685 · 0.37%
Similar plansRetail Trade · North Carolina
Team Carolinas, Inc. NC$2.0M · 1.69%
Raymer Brothers, Inc. NC$1.1M · 0.41%
MVRB2, LLC NC$505K · 1.34%
Fresh Foods LLC NC$354K · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203473691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.