Retirement plan

IPAS, INC. 401(K) PLAN

Name: IPAS, INC. - IPAS, INC. 401(K) PLAN (2022) 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 2022

4711 HOPE VALLEY RD, SUITE 4F-720 - DURHAM, NC 277075651919-883-3742ipas.orgLinkedIn201-500 employeesinternational affairs

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.2M

-17.3% from 2021

Total participants

165

-3.5% from 2021

Average account balance

$99,607

-14.3% from 2021

Annual return

-15.82%

-34.94 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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 INC5 years Filed as: CHARTER WEALTH MANAGEMENT Service code 26 · EIN 45-4433073	Advisory (Participants)	$20,000
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS Service code 12 · EIN 47-0098400	Participant loan processing; Particip...	$16,099
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 82-3967259	Securities Custodian	$4,319
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19	Securities Custodian	$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

$40K

$493 / participant

Investment mgmt$20K49.5%
Contract admin$20K50.5%

% of EOY assets

0.249%

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

$99,607

$73,848+34.9%

$143,799-30.7%

$68,486+45.4%

Participation rate

97.6%

66.7%+30.9pp

80.3%+17.2pp

67.9%+29.7pp

Annual return

-15.82%

0.91%-16.7pp

-0.04%-15.8pp

-7.85%-8.0pp

Employer contribution / active EE

$6,159

$3,184+93.4%

$4,952+24.4%

$2,597+137.2%

Participant deferral / active EE

$11,525

$3,385+240.5%

$5,638+104.4%

$4,028+186.2%

Admin fee / account holder

$248

$5,755-95.7%

$14,677-98.3%

$5,404-95.4%

Provider

Service type

Compensation

CHARTER WEALTH MANAGEMENT INC5 years

Filed as: CHARTER WEALTH MANAGEMENT

Service code 26 · EIN 45-4433073

Advisory (Participants)

$20,000

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS

Service code 12 · EIN 47-0098400

Participant loan processing; Particip...

$16,099

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$4,319

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

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