Filed January 5, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 16-1503696 | Recordkeeping | $66,835 |
Filed as: IMPACT RETIREMENT ADVISORS, LLC Service code 27 8414 14TH AVE S · BLOOMINGTON, MN 55425 | Advisory (Plan) | $18,245 |
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 | $104,162 | $122,063-14.7% | $184,256-43.5% | $74,478+39.9% |
| Participation rate | 98.1% | 85.5%+12.6pp | 86.8%+11.3pp | 67.2%+30.9pp |
| Annual return | 16.75% | 19.92%-3.2pp | 28.85%-12.1pp | 1370.56%-1353.8pp |
| Employer contribution / active EE | $3,005 | $4,539-33.8% | $6,427-53.2% | $2,626+14.4% |
| Participant deferral / active EE | $5,861 | $7,144-18.0% | $9,133-35.8% | $4,350+34.7% |
| Admin fee / account holder | $369 | $1,253-70.5% | $13,899-97.3% | $1,946-81.0% |