Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Business Impact Group 401(K) Plan is a benefit plan reported by Business Impact Group, LLC under EIN 20-0826767 and plan number 001. The latest loaded filing year is 2023. The filing reports 144 participants and $6,621,652 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,621,652
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,621,652
- Net assets (BOY)
- $5,413,809
Income & contributions
- Participant contributions
- $535,477
- Total contributions
- $541,738
- Total income / additions
- $1,718,558
Expenses & distributions
- Benefits paid
- $453,739
- Administrative expenses
- $56,976
- Total expenses
- $510,715
- Net increase / (decrease)
- $1,207,843