Retirement plan

IMPACT SERVICES 401(K) PLAN

Name: IMPACT SERVICES CORP. - IMPACT SERVICES 401(K) PLAN (2024) Form 5500
Creator: IMPACT SERVICES CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPACT SERVICES 401(K) PLAN, IMPACT SERVICES CORP.

IMPACT SERVICES CORP.EIN 23-2087348Plan #002PY 2024

1952 EAST ALLEGHENY AVENUE - PHILADELPHIA, PA 19134215-739-1600impactservices.orgLinkedIn51-200 employeescivic & social organization

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$1.7M

+37.6% from 2023

Total participants

346

+27.2% from 2023

Average account balance

$5,209

+0.7% from 2023

Annual return

17.02%

-0.52 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.73M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$5K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

332

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$399K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.02%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$33

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 20 451 S. BETHELEM PIKE · FORT WASHINGTON, PA 19034	Trustee (individual)	$6,813
EMPLOYEE FIDUCIARY, LLC1 year Service code 15 · EIN 61-1579239 250 STATE STREET · MOBILE, AL 36603	Recordkeeping	$4,195
EMPLOYEE FIDUCIARY, LLC3 years Filed as: EMPLOYEE FIDUCIARY Service code 15	Recordkeeping	$1,504

Plan features & details

Pension benefit codes2E2J2F2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$11K

$64 / participant

Recordkeeping$4K38.1%
Investment mgmt$7K61.9%

% of EOY assets

0.636%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ZELENKOFSKE AXELROD LLC
Auditor EIN: 233022325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,209

$55,470-90.6%

$155,556-96.7%

$74,478-93.0%

Participation rate

91.8%

61.9%+29.9pp

78.2%+13.6pp

67.2%+24.6pp

Annual return

17.02%

269.80%-252.8pp

64.84%-47.8pp

1370.56%-1353.5pp

Employer contribution / active EE

$1,134

$2,267-50.0%

$4,675-75.7%

$2,626-56.8%

Participant deferral / active EE

$1,197

$2,838-57.8%

$5,631-78.7%

$4,350-72.5%

Admin fee / account holder

$33

$1,744-98.1%

$15,885-99.8%

$1,946-98.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 20

451 S. BETHELEM PIKE · FORT WASHINGTON, PA 19034

Trustee (individual)

$6,813

EMPLOYEE FIDUCIARY, LLC1 year

Service code 15 · EIN 61-1579239

250 STATE STREET · MOBILE, AL 36603

Recordkeeping

$4,195

EMPLOYEE FIDUCIARY, LLC3 years

Filed as: EMPLOYEE FIDUCIARY

Service code 15

Recordkeeping

$1,504

IMPACT SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPACT SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion