Plan Ledger DOL Form 5500 · updated monthly

Indiana Professional Management Group, Inc.ESOP

INDIANA PROFESSIONAL MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WEST LAFAYETTE, IN · plan year 2024

Employer contribution per participant · 2024
$1,771

Indiana Professional Management Group, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $15,882,629 across 459 participant accounts, with employer contributions averaging $1,771 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 689th-largest of 1,562 plans among Indiana employers on file, and the 4,327th of 11,911 in health care & social assistance. active participation has grown from 294 to 364 since 2022.

Plan summary
Net assets, end of year$15,882,629
Participants with balances459
Active participants364
Employer contributions$644,492
Employee contributions—
Employer contribution per active participant$1,771
Average account balance$34,603
Benefits paid to participants$51,329
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 459 accts · $644K emplr
2023$11.6M · 406 accts · $403K emplr
2022$7.8M · 354 accts · $380K emplr
Employer contributions to the Indiana Professional Management Group, Inc. plan · 2024
Employer contribution per active participant$1,771
Median for plans this size$2,416
2024$1,771 per active participant
2023$1,207 per active participant
2022$1,291 per active participant

Indiana Professional Management Group, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
IPMG 401(K) RETIREMENT PLAN401(k)
INDIANA PROFESSIONAL MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 202603894 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.