Ip Veba Plan & Trust — Form 5500 plan (Ip 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, Ip Veba Plan & Trust is a benefit plan reported by Ip Corporation under EIN 41-0850438 and plan number 510. The latest loaded filing year is 2023. The filing reports 503 participants and $6,206,977 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ip Corporation
- EIN
- 41-0850438
- Plan number
- 510
- Plan type
- 2
- Location
- St. Paul, MN
- Latest filing year
- 2023
- Participants
- 503
- End-of-year plan assets
- $6,206,977
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 503 | H, C | 20241003115511NAL0004849795001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,206,977
- Total liabilities (EOY)
- $1,219,000
- Net assets (EOY)
- $4,987,977
- Net assets (BOY)
- $4,612,826
Income & contributions
- Employer contributions
- $13,471,574
- Participant contributions
- $1,914,911
- Total contributions
- $15,386,485
- Total income / additions
- $15,503,676
Expenses & distributions
- Benefits paid
- $15,036,355
- Administrative expenses
- $92,170
- Total expenses
- $15,128,525
- Net increase / (decrease)
- $375,151
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Medica Self-Insured | CLAIM PROCESSING | $92,170 | $431,813 | 2023 |
| Ddmn Aso LLC | BENEFIT ADMIN | $32,426 | not reported in the loaded dataset | 2023 |
| Marsh & Mclennan Agency LLC | AGENT | $0 | $3,159 | 2023 |