Retirement plan

IMPACT MHC MANAGEMENT, LLC 401(K) PLAN

Name: IMPACT MHC MANAGEMENT, LLC - IMPACT MHC MANAGEMENT, LLC 401(K) PLAN (2023) Form 5500
Creator: IMPACT MHC MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPACT MHC MANAGEMENT, LLC 401(K) PLAN, IMPACT MHC MANAGEMENT, LLC

IMPACT MHC MANAGEMENT, LLCEIN 83-0699042Plan #001PY 2023

PO BOX 457 - 110 NW 2ND STREET - CEDAREDGE, CO 81413970-808-0800impactmhc.comLinkedIn51-200 employeesreal estate

Prospect flagsLow returnsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$4.1M

+18.8% from 2022

Total participants

398

-5.0% from 2022

Average account balance

$16,682

+33.2% from 2022

Annual return

14.59%

+33.06 pp from 2022

Benchmarks

See 657 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort657 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.27M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

188

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$674K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Service code 13 · EIN 84-1096179 PO BOX 64535 · ST. PAUL, MN 551640035	Contract Administrator	$19,949
IRON-CO-FID-COMPREHENSIVE4 years Service code 13 · EIN 26-2409128 630 DUNDEE RD., STE. 200 · NORTHBROOK, IL 60062	Contract Administrator	$3,026
NATIONWIDE6+ years Service code 19 ONE NATINOWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$2,281
NATIONWIDE4 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 19 · EIN 31-4156830 10 W NATIONWIDE BLVD. 5-05-111V · COLUMBUS, OH 43215	Securities Custodian	$757
US BANCORP INVESTMENTS INC3 years Filed as: US BANCORP INVESTMENTS Service code 13 60 LIVINGSTON AVE · ST. PAUL, MN 55107	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G2R3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$26K

$79 / participant

Contract admin$26K100.0%

% of EOY assets

0.631%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICHEY, MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,682

$56,638-70.5%

$169,397-90.2%

$74,473-77.6%

Participation rate

54.1%

67.5%-13.4pp

77.2%-23.1pp

70.7%-16.6pp

Annual return

14.59%

24.75%-10.2pp

406.23%-391.6pp

34.36%-19.8pp

Employer contribution / active EE

$947

$2,027-53.3%

$4,013-76.4%

$2,638-64.1%

Participant deferral / active EE

$1,777

$4,223-57.9%

$6,223-71.4%

$4,530-60.8%

Admin fee / account holder

$105

$307-65.6%

$9,017-98.8%

$347-69.7%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Service code 13 · EIN 84-1096179

PO BOX 64535 · ST. PAUL, MN 551640035

Contract Administrator

$19,949

IRON-CO-FID-COMPREHENSIVE4 years

Service code 13 · EIN 26-2409128

630 DUNDEE RD., STE. 200 · NORTHBROOK, IL 60062

Contract Administrator

$3,026

NATIONWIDE6+ years

Service code 19

ONE NATINOWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$2,281

NATIONWIDE4 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 19 · EIN 31-4156830

10 W NATIONWIDE BLVD. 5-05-111V · COLUMBUS, OH 43215

Securities Custodian

$757

US BANCORP INVESTMENTS INC3 years

Filed as: US BANCORP INVESTMENTS

Service code 13

60 LIVINGSTON AVE · ST. PAUL, MN 55107

Contract Administrator

IMPACT MHC MANAGEMENT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPACT MHC MANAGEMENT, LLC 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