Plan Ledger DOL Form 5500 · updated monthly

Innovative Power Solutions LLC 401( K) Retirement Plan401(k)

INNOVATIVE POWER SOLUTIONS LLC 401(K) RETIREMENT PLAN · NORTH LITTLE ROCK, AR · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

Innovative Power Solutions LLC 401( K) Retirement Plan reported $10,442 in plan administrative expenses for 2022: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,130 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Arkansas (390th of 456), and 4,814th of 5,337 in construction. In 2022, employees put in $2.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,042,579
Participants with balances56
Active participants42
Employer contributions$47,460
Employee contributions$131,212
Employer contribution per active participant$1,130
Average account balance$36,475
Benefits paid to participants$526,383
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS, PLLC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,442
Total administrative$10,442
The Innovative Power Solutions LLC 401( K) Retirement Plan 401(k) match · 2022
Employer contribution per active participant$1,130
Median for plans this size$1,114

Innovative Power Solutions LLC 401( K) Retirement Plan's 2022 employer contribution ran above the $1,114 median for plans its size. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$10,442 · 0.40%
Similar plansConstruction · Arkansas
Middleton, Inc AR$3.5M · 0.24%
Tri-Lakes Services, Inc. AR$2.7M · 0.31%
Structural System, Inc. AR$2.6M · 0.00%
D&H Contracting, Inc. AR$1.9M · 0.74%
West Tree Service, Inc. AR$764K · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562358003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.