# Innovative Professional Solutions, INC. 401(k) Plan
Source: https://planprovider.pro/companies/innovative-professional-solutions-incorporated-401k-plan

> Innovative Professional Solutions, INC.'s 401(k) plan: 108 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Innovative Professional Solutions, INC.

- **Sponsor EIN:** 593759714

- **Sponsor Address:** 8317 FRONT BEACH ROAD, PANAMA CITY BEACH, FL, 32407

- **Plan Type:** 401(k)

- **Total Participants:** 108

- **Total Assets:** $5.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|108|$5.2M|$241,058|$610,018|

| 2023|119|$4.4M|$236,196|$582,683|

| 2022|109|$2.6M|$228,722|$589,817|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| PRICE-KUBECKA, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [PRICE-KUBECKA, PLLC](https://planprovider.pro/provider/pricekubecka-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$14,991|$12,112|$2,879|—|—|

| 2023|$10,882|$8,581|$2,301|—|—|

| 2022|$8,188|$5,848|$2,340|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/innovative-professional-solutions-incorporated-401k-plan)

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