Retirement plan

IPAS, INC. 401(K) PLAN

Name: IPAS, INC. - IPAS, INC. 401(K) PLAN (2021) 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 2021

300 MARKET STREET, SUITE 200 - CHAPEL HILL, NC 27516919-967-7052ipas.orgLinkedIn201-500 employeesinternational affairs

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.6M

+18.4% from 2020

Total participants

171

-5.5% from 2020

Average account balance

$116,190

+24.7% from 2020

Annual return

19.12%

+4.74 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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
PLUNKETT WEALTH MANAGEMENT3 years Service code 26 · EIN 45-4433073	Advisory (Participants)	$20,000
BLUESTAR RETIREMENT SERVICES2 years Filed as: BLUESTAR RETIREMENT SERVICES, INC. Service code 12 · EIN 59-3092339	Consulting (pension); Contract Admini...	$16,214
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 12 · EIN 82-3967259	Shareholder servicing fees; Custodial...	$3,364

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

$35K

$426 / participant

Investment mgmt$20K57.2%
Contract admin$15K42.8%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 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

$116,190

$95,406+21.8%

$185,849-37.5%

$85,847+35.3%

Participation rate

97.6%

68.8%+28.8pp

81.7%+15.9pp

69.3%+28.2pp

Annual return

19.12%

23.59%-4.5pp

122.10%-103.0pp

318.61%-299.5pp

Employer contribution / active EE

$6,292

$3,314+89.9%

$5,169+21.7%

$2,565+145.3%

Participant deferral / active EE

$11,662

$3,424+240.6%

$5,569+109.4%

$3,952+195.1%

Admin fee / account holder

$207

$7,214-97.1%

$16,244-98.7%

$6,261-96.7%

Provider

Service type

Compensation

PLUNKETT WEALTH MANAGEMENT3 years

Service code 26 · EIN 45-4433073

Advisory (Participants)

$20,000

BLUESTAR RETIREMENT SERVICES2 years

Filed as: BLUESTAR RETIREMENT SERVICES, INC.

Service code 12 · EIN 59-3092339

Consulting (pension); Contract Admini...

$16,214

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 12 · EIN 82-3967259

Shareholder servicing fees; Custodial...

$3,364

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