# Ip Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/ip-corporation-410850438-510

> Ip Corporation's Health & Welfare plan: 504 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ip Corporation

- **Sponsor EIN:** 410850438

- **Sponsor Address:** 1225 WILLOW LAKE BLVD., ST. PAUL, MN, 55110

- **Plan Type:** Health & Welfare

- **Plan Number:** 510

- **Total Participants:** 504

- **Total Assets:** $6.3M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

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

| 2024|504|$6.3M|$12.9M|$2.0M|

| 2023|512|$6.2M|$13.5M|$1.9M|

| 2022|498|$5.5M|$10.9M|$2.0M|

## 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|

| MEDICA SELF-INSURED|Other Service Provider|$114,296|$615,734|$730,030|

| DDMN ASO LLC|Other Service Provider|$35,979|—|$35,979|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $766,009

- **Estimated Expense Ratio:** 12.070% of plan assets

### 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|$153,636|—|$153,636|—|—|

| 2023|$92,170|—|$92,170|—|—|

| 2022|$169,561|—|$169,561|—|—|

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