# Ipas, INC. 401(k) Plan
Source: https://planprovider.pro/companies/ipas-inc-plan

> Ipas, INC.'s 401(k) plan: 81 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CHARTER WEALTH MANAGEMENT|NONE|$20,000|—|$20,000|

| AMERITAS LIFE INSURANCE CORP|NONE|$14,516|—|$14,516|

| CLIFTON LARSON ALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [AMERITAS LIFE INSURANCE CORP](https://planprovider.pro/provider/ameritas-retirement-plans) — NONE

- [CLIFTON LARSON ALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $34,516

- **Estimated Expense Ratio:** 0.164% 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|$39,174|$20,000|$14,516|—|—|

| 2023|$40,159|$20,000|$13,487|—|—|

| 2022|$40,418|$20,000|$20,418|—|—|

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