Impact Advisors, LLC 401(k) Review & Grade
Impact Advisors, LLC 401(k) Plan
Naperville, ILProfessional, Scientific & Technical Services685 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,087Employer $ per active participant
$10,965Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$58.4MNet plan assets, end of year
$111,206Average balance per account
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 27th |
| Employee saving | 67th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Impact Advisors put in about $3,087 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,114,385 |
| Participant (employee) contributions | $7,510,843 |
| Other contributions (incl. rollovers in) | $740,784 |
| Administrative expenses paid from the plan | $236,690 |
| Investment advisory & management fees | $169,027 |
| Other admin expenses | $16,384 |
| Benefits paid out | $6,126,333 |
| Net assets, start / end of year | $49.0M / $58.4M |
| Active participants, start / end of year | 728 / 642 |
| Participants with account balances | 525 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dufek & Company, LLC |
Largest service providers (Schedule C)
| Ashe Benefits 401(k) Adv. Services | $115,893 reported compensation |
| Empower Annuity Insurance Co of Am | $47,279 reported compensation |
| Empower Advisory Group LLC | $26,791 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916123818NAL0001179299001, received 2025-09-16, EIN 20-8207247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.