Retirement plan

IMPACT SERVICES 401(K) PLAN

Name: IMPACT SERVICES CORP. - IMPACT SERVICES 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.3M

+45.4% from 2022

Total participants

272

-0.4% from 2022

Average account balance

$5,172

+45.4% from 2022

Annual return

17.54%

+37.50 pp from 2022

Benchmarks

See 5,715 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2023

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

$398K

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

+17.00%

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 1 by compensation

Provider	Service type	Compensation
EMPLOYEE FIDUCIARY, LLC2 years Filed as: EMPLOYEE FIDUCIARY Service code 15	Recordkeeping	$1,034

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$50 / participant

Recordkeeping$5K49.6%
Contract admin$5K50.4%

% of EOY assets

0.736%

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

$5,172

$61,295-91.6%

$149,682-96.5%

$71,476-92.8%

Participation rate

84.4%

62.5%+21.9pp

78.8%+5.6pp

67.9%+16.5pp

Annual return

17.54%

35.86%-18.3pp

134.35%-116.8pp

28.85%-11.3pp

Employer contribution / active EE

$949

$2,380-60.1%

$4,818-80.3%

$2,589-63.3%

Participant deferral / active EE

$939

$2,918-67.8%

$5,681-83.5%

$4,290-78.1%

Admin fee / account holder

$38

$1,262-97.0%

$13,210-99.7%

$1,587-97.6%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC2 years

Filed as: EMPLOYEE FIDUCIARY

Service code 15

Recordkeeping

$1,034

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