Oregon › Transportation and warehousing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Imperative Logistics Group LLC 401(k) Plan
Sponsored by Imperative Logistics Group LLC, Portland, OR
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Imperative Logistics Group LLC 401(k) Plan is a 401(k) plan sponsored by Imperative Logistics Group LLC of Portland, Oregon. For the plan year ending 31 Dec 2024 it reported 560 participants, 486 of them active, and net assets of $34.9M.
Net assets came to $62,320 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $1.0M during the year, or $2,152 per active participant against a same-size median of $1,934; participants contributed $3.3M and $349K arrived as rollovers and other contributions. Benefits paid out totalled $2.5M.
Schedule C lists 3 service provider organisations paid $5,000 or more, with reported compensation of $240K: $429 per participant, well above the same-size median of $113. Administrative expenses charged to the plan were $150K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $11.1M in 2018 to $34.9M in 2024 (up 213%), and participants from 425 to 560 (up 32%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $62,320 | $46,267 | $32,883 | $53,102 |
| Employer contributions per active participant | $2,152 | $1,934 | $1,396 | $2,175 |
| Schedule C compensation per participant | $429 | $113 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.69% | 0.25% | 0.33% | 0.26% |
| Administrative expenses per participant | $268 | $109 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), transportation and warehousing (1,909) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 560 | $34.9M | $62,320 | $1.0M | $3.3M | $240K |
| 2023 | 576 | $28.9M | $50,205 | $727K | $3.0M | $242K |
| 2022 | 528 | $23.2M | $43,960 | $336K | $2.8M | $216K |
| 2021 | 502 | $24.4M | $48,546 | $268K | $2.3M | $211K |
| 2020 | 400 | $19.6M | $49,078 | $203K | $1.7M | $191K |
| 2019 | 414 | $16.0M | $38,543 | $224K | $1.8M | $161K |
| 2018 | 425 | $11.1M | $26,207 | $187K | $1.5M | $131K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$28,918,333
- Employer contributions$1,045,881
- Participant contributions$3,290,342
- Rollovers and other contributions$349,248
- Total contributions$4,685,471
- Total income, including investment results$8,645,031
- Benefits paid$2,496,531
- Administrative expenses$150,147
- Total expenses$2,664,428
- Net income$5,980,603
- Net transfers$0
- Net assets, end of year$34,898,936
Participants
- Active participants486
- Retired or separated, receiving benefits4
- Retired or separated, entitled to future benefits70
- Participants with account balances523
- Total participants, end of year560
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | $138,146 | $0 |
| Embree Financial Group | Investment advisory (plan) | $0 | $74,265 |
| Hunter Benefits Consulting Group | Contract Administrator; Other services | $12,000 | $15,870 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$150,147
- Total administrative expenses$150,147
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$26.9M · 77.1%
- Registered investment companies (mutual funds)$7.5M · 21.5%
- Participant loans$473K · 1.4%
- Pooled separate accounts$30K · 0.1%
- Receivables$2,518 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmForvis Mazars
- Participant contributions reported as transmitted lateYes, $15,029
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2AAge/service weighted or new comparability or similar plan2EProfit-sharing plan2FERISA section 404(c) plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group2GTotal participant-directed account plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 481000: Air Transportation.
Similar plans in Oregon
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Walsh Trucking Company Ltd. 401(k) Retirement Salary Savings | Walsh Trucking Company Ltd. | 563 | $13.7M | $24,368 |
| Combined Transport, Inc. 401(k) Profit Sharing Plan | Combined Transport, Inc. | 542 | $14.5M | $26,770 |
| Inlandboatmen's Union of the Pacific National 401(k) Plan | Board of Trustees, Ibu of the Pacific National Pension | 612 | $68.8M | $112,418 |
| Market Express LLC 401(k) Profit Sharing Plan & Trust | Market Express LLC | 540 | $6.0M | $11,092 |
| Erickson Incorporated 401(k) Profit Sharing Plan | Erickson Incorporated | 668 | $64.2M | $96,057 |
| Omega Morgan Holdings Inc. 401(k) Savings Plan | Omega Morgan Holdings Inc. | 499 | $25.2M | $50,594 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Imperative Logistics Group LLC 401(k) Plan?
560 participants at the end of the plan year ending 31 Dec 2024, of whom 486 were active employees, with net assets of $34,898,936. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Imperative Logistics Group LLC contribute per participant?
The filing reports $1,045,881 in employer contributions for the year, which is $2,152 per active participant; the median for plans of the same type and size was $1,934 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $240,281 in compensation to service provider organisations, $429 per participant or 0.69% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $150,147. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Imperative Logistics Group LLC. Recordkeeping or administration: Principal Life Insurance Company and Hunter Benefits Consulting Group. Investment advisory or management: Embree Financial Group. The financial statements were audited by Forvis Mazars. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 26 Aug 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 47-4472644, plan 001, received 26 Aug 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.