Plan Ledger DOL Form 5500 · updated monthly

Independent Professional Services, Inc.401(k)

INDEPENDENT PROFESSIONAL SERVICES 401(K) & PROFIT SHARING PLAN · DOYLESTOWN, PA · plan year 2024

Reported admin expense ratio · 2024
0.16%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Independent Professional Services, Inc. reported $92,090 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $8,321 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.11% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 660th-largest of 3,651 plans among Pennsylvania employers on file, and the 2,237th of 11,654 in professional & technical services. In 2024, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,620,884
Participants with balances273
Active participants76
Employer contributions$632,395
Employee contributions$751,045
Employer contribution per active participant$8,321
Average account balance$233,044
Benefits paid to participants$3,199,907
Plan auditUnmodified (clean) audit opinion
AuditorDUNLAPSLK, PC
Plan history3
Yearassets · accounts · employer contribution
2024$63.6M · 273 accts · $632K emplr
2023$53.4M · 303 accts · $759K emplr
2022$42.7M · 311 accts · $840K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,884
Investment management$1,081
Total administrative$92,090
The Independent Professional Services, Inc. 401(k) match · 2024
Employer contribution per active participant$8,321
Median for plans this size$3,635
2024$8,321 per active participant
2023$9,372 per active participant
2022$11,055 per active participant

Independent Professional Services, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$28,884
MERIDIAN WEALTH PARTNERS LLC · Named fiduciary$48,475
DUNLAP SLK · Accounting / audit$13,650
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,081
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$92,090 · 0.16%
2023$60,489 · 0.13%
2022$53,319 · 0.11%
Similar plansProfessional & Technical Services · Pennsylvania
Amplity, Inc. PA$66.0M · 0.38%
Raf Industries, Inc. PA$65.6M · 0.16%
Truecommerce, Inc. PA$64.4M · 0.21%
Tucker Arensberg PC PA$64.3M · 0.02%
Frontage Laboratories Inc. PA$62.9M · 0.24%
Navisite, LLC PA$62.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223551387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.