Independent Professional Services 401(K) & Profit Sharing Plan — Form 5500 plan (Independent Professional Services, Inc.)
Plain-English plan 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, Independent Professional Services 401(K) & Profit Sharing Plan is a benefit plan reported by Independent Professional Services, Inc. under EIN 22-3551387 and plan number 002. The latest loaded filing year is 2023. The filing reports 314 participants and $53,354,075 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Independent Professional Services, Inc.
- EIN
- 22-3551387
- Plan number
- 002
- Plan type
- 2
- Location
- Doylestown, PA
- Latest filing year
- 2023
- Participants
- 314
- End-of-year plan assets
- $53,354,075
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 314 | H, C | 20240924113057NAL0012725185001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $53,354,075
- Total liabilities (EOY)
- $2,489
- Net assets (EOY)
- $53,351,586
- Net assets (BOY)
- $42,650,890
Income & contributions
- Employer contributions
- $759,129
- Participant contributions
- $879,767
- Total contributions
- $2,009,293
- Total income / additions
- $12,241,272
Expenses & distributions
- Benefits paid
- $1,473,413
- Administrative expenses
- $60,489
- Total expenses
- $1,540,576
- Net increase / (decrease)
- $10,700,696
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Independent Professional Services, | ADMINISTRATION | $19,085 | not reported in the loaded dataset | 2023 |
| Meridian Wealth Partners LLC | FIDUCIARY | $13,993 | not reported in the loaded dataset | 2023 |
| Dunlap Slk | AUDITOR | $13,000 | not reported in the loaded dataset | 2023 |
| Transamerica Retirement Solutions | RECORD KEEPER | $12,089 | $0 | 2023 |
| Charles Schwab & Co., Inc. | SECURITIES BROKER | $426 | $0 | 2023 |
| National Financial Services | SECURITIES BROKER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Independent Professional Services, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Doylestown, PA
- Independent Professional Services, — Schedule C compensation
- Meridian Wealth Partners LLC — Schedule C compensation
- Dunlap Slk — Schedule C compensation
- Transamerica Retirement Solutions — Schedule C compensation
- Charles Schwab & Co., Inc. — Schedule C compensation
- National Financial Services — Schedule C compensation