2023 Form 5500 filing — Innovative Professional Solutions, Inc. 401(K)
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240729093631NAL0010912163001) for Innovative Professional Solutions, Inc. 401(K), reported by Innovative Professional Solutions, Incorporated under EIN 59-3759714 and plan number 001. It reports 139 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729093631NAL0010912163001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Innovative Professional Solutions, Incorporated
- EIN
- 59-3759714
- Plan number
- 001
- Location
- Panama City Beach, FL
- Participants
- 139
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,369,452
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,369,452
- Employer contributions
- $236,196
- Participant contributions
- $582,683
- Total income / additions
- $2,227,324
- Benefits paid
- $495,641
- Administrative expenses
- $10,882
- Total expenses
- $506,523
- Net increase / (decrease)
- $1,720,801
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Kovack Advisors Inc | NONE | $8,581 | not reported in the loaded dataset |
| The Vanguard Group, Inc. | NONE | $2,301 | $0 |