Plan Ledger DOL Form 5500 · updated monthly

Social Impact, Inc.401(k)

SOCIAL IMPACT, INC. 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Social Impact, Inc. reported $79,055 in plan administrative expenses for 2024: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,148 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 rose from 0.66% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Virginia (1,316th of 2,266), and 7,226th of 11,654 in professional & technical services. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 86 to 108 since 2022.

Plan summary
Net assets, end of year$12,538,584
Participants with balances198
Active participants108
Employer contributions$448,010
Employee contributions$934,608
Employer contribution per active participant$4,148
Average account balance$63,326
Benefits paid to participants$656,505
Plan auditUnmodified (clean) audit opinion
AuditorLONG & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$12.5M · 198 accts · $448K emplr
2023$10.0M · 192 accts · $413K emplr
2022$7.7M · 177 accts · $401K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,055
Total administrative$79,055
The Social Impact, Inc. 401(k) match · 2024
Employer contribution per active participant$4,148
Median for plans this size$2,416
2024$4,148 per active participant
2023$4,641 per active participant
2022$4,659 per active participant

Social Impact, Inc.'s 2024 employer contribution ran above the $2,416 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
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment management$898

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$79,055 · 0.70%
2023$59,983 · 0.68%
2022$55,374 · 0.66%
Same employer
Similar plansProfessional & Technical Services · Virginia
Raft LLC VA$12.8M · 0.17%
Prosourcing Partners LLC VA$12.8M · 0.13%
Devtech Systems, Inc. VA$12.8M · 0.22%
The Prospective Group Inc. VA$12.7M · 0.10%
Innovate, Inc. VA$12.5M · 0.50%
Vision Point Systems, Inc. VA$12.3M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541795186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.