Plan Snapshot
- Plan Sponsor: Ipas, INC.
- Sponsor EIN: 561071085
- Sponsor Address: 4711 HOPE VALLEY RD, DURHAM, NC, 27707
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $21.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 81 | $21.1M | $505,095 | $918,675 |
| 2023 | 78 | $17.9M | $499,172 | $853,258 |
| 2022 | 82 | $16.2M | $505,035 | $945,063 |
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 |
|---|---|---|---|---|
| CLIFTON LARSON ALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTON LARSON ALLEN LLP — 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 | $39,174 | $20,000 | $14,516 | — | — |
| 2023 | $40,159 | $20,000 | $13,487 | — | — |
| 2022 | $40,418 | $20,000 | $20,418 | — | — |