Filed January 5, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
IMPACT RETIREMENT ADVISORS2 years Filed as: IMPACT RETIREMENT ADVISORS, LLC Service code 27 8414 14TH AVE S · BLOOMINGTON, MN 55425 | Advisory (Plan) | $47,906 |
Service code 15 · EIN 16-1503696 | Recordkeeping | $24,024 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,059 | $128,603-2.0% | $197,124-36.1% | $67,986+85.4% |
| Participation rate | 89.2% | 81.7%+7.5pp | 86.7%+2.5pp | 57.2%+32.0pp |
| Annual return | 18.58% | 23.77%-5.2pp | 44.34%-25.8pp | 31.67%-13.1pp |
| Employer contribution / active EE | $3,269 | $4,379-25.4% | $6,227-47.5% | $2,019+61.9% |
| Participant deferral / active EE | $5,981 | $6,840-12.6% | $9,135-34.5% | $3,358+78.1% |
| Admin fee / account holder | $406 | $3,035-86.6% | $16,298-97.5% | $3,203-87.3% |