Retirement plan

IPAS, INC. 401(K) PLAN

Name: IPAS, INC. - IPAS, INC. 401(K) PLAN (2024) Form 5500
Creator: IPAS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IPAS, INC. 401(K) PLAN, IPAS, INC.

IPAS, INC.EIN 56-1071085Plan #002PY 2024

4711 HOPE VALLEY RD, SUITE 4F-720 - DURHAM, NC 27707919-883-3742ipas.orgLinkedIn201-500 employeesinternational affairs

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$21.1M

+17.7% from 2023

Total participants

152

-6.7% from 2023

Average account balance

$141,411

+27.2% from 2023

Annual return

12.00%

-2.15 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.07M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

149

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$263

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CHARTER WEALTH MANAGEMENT INC7 years Filed as: CHARTER WEALTH MANAGEMENT Service code 26 · EIN 45-4433073	Advisory (Participants)	$20,000
AMERITAS LIFE INSURANCE CORP2 years Service code 12 · EIN 47-0098400	Claims processing; Direct payment fro...	$14,516
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$4,658
CHARLES SCHWAB & CO., INC.2 years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$484 / participant

Trustee / custodial$5K11.9%
Investment mgmt$20K51.1%
Contract admin$15K37.1%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,411

$81,358+73.8%

$155,556-9.1%

$80,959+74.7%

Participation rate

96.3%

66.3%+30.0pp

78.2%+18.1pp

67.7%+28.6pp

Annual return

12.00%

33.39%-21.4pp

64.84%-52.8pp

35.67%-23.7pp

Employer contribution / active EE

$6,236

$3,106+100.7%

$4,675+33.4%

$2,757+126.2%

Participant deferral / active EE

$11,342

$3,455+228.2%

$5,631+101.4%

$4,300+163.7%

Admin fee / account holder

$263

$7,994-96.7%

$15,885-98.3%

$6,925-96.2%

Provider

Service type

Compensation

CHARTER WEALTH MANAGEMENT INC7 years

Filed as: CHARTER WEALTH MANAGEMENT

Service code 26 · EIN 45-4433073

Advisory (Participants)

$20,000

AMERITAS LIFE INSURANCE CORP2 years

Service code 12 · EIN 47-0098400

Claims processing; Direct payment fro...

$14,516

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$4,658

CHARLES SCHWAB & CO., INC.2 years

Service code 19

Securities Custodian

IPAS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IPAS, INC. 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