Plan Ledger DOL Form 5500 · updated monthly

Impower, Inc.401(k)

IMPOWER, INC. 401(K) PLAN · LONGWOOD, FL · plan year 2024

Reported admin expense ratio · 2024
1.36%

Impower, Inc. reported $36,020 in plan administrative expenses for 2024: 1.36% of average plan assets, higher than ~90% of peers. 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 1.78% to 1.36%. 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 Florida (2,924th of 3,644), and 9,391st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,827,419
Participants with balances168
Active participants119
Employer contributions—
Employee contributions$300,072
Employer contribution per active participant—
Average account balance$16,830
Benefits paid to participants$175,407
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH & BROWN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 168 accts
2023$2.5M · 157 accts · $35K emplr
2022$2.0M · 164 accts
Administrative expenses, itemized · 2024
Investment management$36,020
Total administrative$36,020
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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,861
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$12,991
MY BENEFITS LLC · Contract administrator · Other services$4,154

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

Administrative cost history3
2024$36,020 · 1.36%
2023$30,479 · 1.36%
2022$39,081 · 1.78%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Cutiscare LLC FL$2.9M · 0.67%
Sonata Health Care, LLC FL$2.8M · 0.76%
Retiring by Design FL$2.8M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650439778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.