Retirement plan

IPT 401(K) RETIREMENT PLAN

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

INTEGRATED PROCUREMENT TECHNOLOGIES , INC.EIN 77-0424537Plan #001PY 2024

7230 HOLLISTER AVENUE - GOLETA, CA 931172992805-682-0842iptsb.comLinkedIn51-200 employeesdefense & space

Other plans on this EIN

1 filing

#002Retirement-$84.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13.5M

+2.9% from 2023

Total participants

133

+20.9% from 2023

Average account balance

$113,775

-4.9% from 2023

Annual return

12.72%

-2.61 pp from 2023

Benchmarks

See 2,345 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,345 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.54M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

119

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$513

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INS Service code 27 PO BOX 9500 · SPRINGFIELD, MA 011029500	Advisory (Plan)	$37,849
INTEGRATED WEALTH CONCEPTS LLC1 year Filed as: INTEGRATED PROCUREMENT TECHNOLOGIES Service code 99 7230 HOLLISTER AVENUE · GOLETA, CA 93117	Other Fees	$23,000
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$3,308
THE RYDING COMPANY3 years Service code 13 2659 TOWNSGATE RD STE 101 · WESSTLAKE VILLAGE, CA 91361	Contract Administrator	$3,090

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$61K

$576 / participant

Investment mgmt$41K66.9%
Contract admin$20K33.1%

% of EOY assets

0.451%

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: NASIF, HICKS, HARRIS & CO., LLP
Auditor EIN: 770181453
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,775

$88,186+29.0%

$165,071-31.1%

$74,459+52.8%

Participation rate

86.8%

73.1%+13.7pp

78.6%+8.2pp

67.2%+19.6pp

Annual return

12.72%

17.13%-4.4pp

70.17%-57.4pp

1369.70%-1357.0pp

Employer contribution / active EE

$3,938

$2,600+51.5%

$4,347-9.4%

$2,626+50.0%

Participant deferral / active EE

$7,380

$4,505+63.8%

$6,035+22.3%

$4,350+69.7%

Admin fee / account holder

$513

$2,234-77.1%

$12,695-96.0%

$1,945-73.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS

Service code 27

PO BOX 9500 · SPRINGFIELD, MA 011029500

Advisory (Plan)

$37,849

INTEGRATED WEALTH CONCEPTS LLC1 year

Filed as: INTEGRATED PROCUREMENT TECHNOLOGIES

Service code 99

7230 HOLLISTER AVENUE · GOLETA, CA 93117

Other Fees

$23,000

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$3,308

THE RYDING COMPANY3 years

Service code 13

2659 TOWNSGATE RD STE 101 · WESSTLAKE VILLAGE, CA 91361

Contract Administrator

$3,090

IPT 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IPT 401(K) RETIREMENT 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