Retirement plan

IPAS, INC. 401(K) PLAN

Name: IPAS, INC. - IPAS, INC. 401(K) PLAN (2020) 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 2020

300 MARKET STREET, SUITE 134 - CHAPEL HILL, NC 27516919-967-7052ipas.orgLinkedIn201-500 employeesinternational affairs

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.6M

+9.5% from 2019

Total participants

181

-17.0% from 2019

Average account balance

$93,168

+28.0% from 2019

Annual return

14.38%

-10.30 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
BLUESTAR RETIREMENT SERVICES1 year Filed as: BLUESTAR RETIREMENT SERVICES, INC. Service code 12 · EIN 59-3092339	Recordkeeping and information managem...	$20,647
CHARTER WEALTH MANAGEMENT INC3 years Filed as: CHARTER WEALTH MANAGEMENT Service code 27 · EIN 45-4433073	Advisory (Plan)	$20,000
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 12 · EIN 82-3967259	Claims processing; Custodial (securit...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$41K

$447 / participant

Investment mgmt$20K49.2%
Contract admin$21K50.8%

% of EOY assets

0.245%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,168

$91,198+2.2%

$178,503-47.8%

$79,856+16.7%

Participation rate

96.7%

69.2%+27.5pp

81.9%+14.8pp

69.6%+27.1pp

Annual return

14.38%

24.20%-9.8pp

151.12%-136.7pp

31.71%-17.3pp

Employer contribution / active EE

$7,321

$3,257+124.8%

$5,011+46.1%

$2,471+196.2%

Participant deferral / active EE

$12,728

$3,237+293.3%

$5,202+144.7%

$3,741+240.3%

Admin fee / account holder

$228

$6,748-96.6%

$13,987-98.4%

$5,306-95.7%

Provider

Service type

Compensation

BLUESTAR RETIREMENT SERVICES1 year

Filed as: BLUESTAR RETIREMENT SERVICES, INC.

Service code 12 · EIN 59-3092339

Recordkeeping and information managem...

$20,647

CHARTER WEALTH MANAGEMENT INC3 years

Filed as: CHARTER WEALTH MANAGEMENT

Service code 27 · EIN 45-4433073

Advisory (Plan)

$20,000

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 12 · EIN 82-3967259

Claims processing; Custodial (securit...

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