Ixp Corporation 401(K) Salary Reduction Plan — Form 5500 plan (Ixp Corporation)
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, Ixp Corporation 401(K) Salary Reduction Plan is a benefit plan reported by Ixp Corporation under EIN 22-3690697 and plan number 001. The latest loaded filing year is 2023. The filing reports 245 participants and $8,002,915 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8MPlan net assets, end of year$8,002,915
Participants245Covered participants reported
Assets / participant$32.7KComputed: assets ÷ participants$32,665 (computed)
Provider compensation$49.8K4 Schedule C provider row(s)$49,822
- Plan sponsor
- Ixp Corporation
- EIN
- 22-3690697
- Plan number
- 001
- Plan type
- 2
- Location
- Princeton, NJ
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 245 | H, C | 20241015210640NAL0017221875001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$8M total assets
Net assets$8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,002,915
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,002,915
- Net assets (BOY)
- $7,055,503
Income & contributions
- Employer contributions
- $96,888
- Participant contributions
- $690,186
- Total contributions
- $787,074
- Total income / additions
- $1,995,249
Expenses & distributions
- Benefits paid
- $973,959
- Administrative expenses
- $49,824
- Total expenses
- $1,047,837
- Net increase / (decrease)
- $947,412
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
12%88%
Employer 12%Participant 88%
Total expenses ÷ net assets13%Computed ratio
Benefits paid ÷ total income49%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principled Advisors, Inc. | INVESTMENT/FINANCIAL ADVI | $24,526 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $17,524 | $0 | 2023 |
| Principled Advisors, Inc. | INVESTMENT/FINANCIAL ADVI | $7,772 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |