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, Innovative Professional Solutions, Inc. 401(K) is a benefit plan reported by Innovative Professional Solutions, Incorporated under EIN 59-3759714 and plan number 001. The latest loaded filing year is 2023. The filing reports 139 participants and $4,369,452 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,369,452
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,369,452
- Net assets (BOY)
- $2,648,651
Income & contributions
- Employer contributions
- $236,196
- Participant contributions
- $582,683
- Total contributions
- $1,636,451
- Total income / additions
- $2,227,324
Expenses & distributions
- Benefits paid
- $495,641
- Administrative expenses
- $10,882
- Total expenses
- $506,523
- Net increase / (decrease)
- $1,720,801