Plan Ledger DOL Form 5500 · updated monthly

Innovative Professional Solutions, Incorporated401(k)

INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) · PANAMA CITY BEACH, FL · plan year 2025

Reported admin expense ratio · 2025
0.27%

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

Innovative Professional Solutions, Incorporated reported $15,674 in plan administrative expenses for 2025: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,323 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 3 years on file its reported administrative ratio fell from 0.32% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,270th of 3,644), and 9,276th of 11,654 in professional & technical services. In 2025, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,296,664
Participants with balances116
Active participants115
Employer contributions$267,133
Employee contributions$614,685
Employer contribution per active participant$2,323
Average account balance$54,282
Benefits paid to participants$623,224
Plan auditDisclaimer of opinion
AuditorPRICE-KUBECKA, PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$6.3M · 116 accts · $267K emplr
2024$5.2M · 107 accts · $241K emplr
2023$4.4M · 118 accts · $236K emplr
2022$2.6M · 112 accts · $229K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$1,760
Investment management$13,914
Total administrative$15,674
The Innovative Professional Solutions, Incorporated 401(k) match · 2025
Employer contribution per active participant$2,323
Median for plans this size$1,464
2025$2,323 per active participant
2024$2,232 per active participant
2023$1,985 per active participant
2022$2,098 per active participant

Innovative Professional Solutions, Incorporated's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$1,760
KOVACK ADVISORS INC · Investment advisory (plan)$13,914

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

Recordkeeper by year3
2025Vanguard
2024Vanguard
2023Vanguard

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

Administrative cost history4
2025$15,674 · 0.27%
2024$14,991 · 0.31%
2023$10,882 · 0.31%
2022$8,188 · 0.32%
Similar plansProfessional & Technical Services · Florida
Geopoint Surveying Inc FL$6.5M · 0.90%
Lydecker Diaz, LLP FL$6.3M · 0.80%
Ec Fennell, P.A. FL$6.3M · 0.89%
Groelle & Salmon, P.A. FL$6.2M · 0.78%
Image Api, LLC. FL$6.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593759714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.