401(k) · DOL Form 5500 · 2024
Business Impact Group, LLC 401(k) Plan
Data updated 2026-08-25
- $6M
- Total assets Small plan by assets
- 99
- Participants Small participant base
- 45th
- Percentile by assets National rank
- $59,268
- Avg per participant Low balance/head
Official DOL plan name: Business Impact Group 401(k) Plan · Sponsored by Business Impact Group, LLC · Minnesota · Wholesale Trade
$6M in assets, 99 participants
Business Impact Group, LLC's Business Impact Group 401(k) Plan reported $6M in total assets and 99 participants in its 2024 DOL Form 5500 filing, ranking in the 45th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #2,098 in Wholesale Trade (6,080 peers)
2024 asset change
Business Impact Group 401(k) Plan pulled back noticeably 11.4% in 2024 ($7M → $6M) for 99 participants.
- #2,098
- in Wholesale Trade (6,080 peers)
- -11.4%
- assets change YoY
The plan reported a net loss of $754K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Business Impact Group 401(k) Plan's mid-pack asset rank among Wholesale Trade and all filers
Business Impact Group 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$5,867,511 45th percentile higher than 45% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Business Impact Group 401(k) Plan among smaller filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Business Impact Group 401(k) Plan is a small filing (99 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Business Impact Group 401(k) Plan reported net income fell from $1M in the plan year 2023 filing to -$754K in the plan year 2024 filing.
- Business Impact Group 401(k) Plan end-of-year assets fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
- Business Impact Group 401(k) Plan reported participants rose from 97 in the plan year 2023 filing to 99 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 200826767 · Business Impact Group, LLC PY 2024 · 401(k)
Business Impact Group 401(k) Plan · $6M · 99 · 45th
- 5500 $6M
- ASSETS 99
- PCT 45th
- EIN 401(k)
- RANK near 403(b) Thrift Plan of Big Five Community Services, Inc.
- PHOTO ind #2098
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in Minnesota →
Business Impact Group 401(k) Plan in the asset neighbourhood
Business Impact Group, LLC years around the 2024 move
Sponsor-wide plan assets over time
All Business Impact Group, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $6M 8.380458194960331% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 103 | $5M |
| 2023 | 1 | 97 | $7M |
| 2024 | 1 | 99 | $6M |
2024 asset-move particulars
| Total Assets (Beginning of Year) | $7M |
|---|---|
| Net Assets (End of Year) | $6M |
| Net Income | -$754K |
| Employer EIN | 200826767 |
| Plan Effective Date | 1989-06-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in Minnesota
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Wells Fargo & Company 401(k) Plan $57.9B · 179,076
- Unitedhealth Group 401(k) Savings Plan $26.6B · 205,460
- Target Corporation 401(k) Plan $14.4B · 409,649
- Medtronic Savings and Investment Plan $13.7B · 38,480
- U.S. Bank 401(k) Savings Plan $11.4B · 73,109
Business Impact Group 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Minnesota, the nearest 401(k) by assets is 403(b) Thrift Plan of Big Five Community Services, Inc. in OK ($6M); by covered participants it is G5 Enterprises, Inc. 401(k) Profit Sharing Plan in MO (99 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($6M here).
Similar participant headcount
Nearest other-state filings by covered participants (99 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.