2023 Form 5500 filing — Independent Professional Services 401(K) & Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240924113057NAL0012725185001) for Independent Professional Services 401(K) & Profit Sharing Plan, reported by Independent Professional Services, Inc. under EIN 22-3551387 and plan number 002. It reports 314 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924113057NAL0012725185001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Independent Professional Services, Inc.
- EIN
- 22-3551387
- Plan number
- 002
- Location
- Doylestown, PA
- Participants
- 314
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $53,354,075
- Total liabilities (EOY)
- $2,489
- Net assets (EOY)
- $53,351,586
- Employer contributions
- $759,129
- Participant contributions
- $879,767
- Total income / additions
- $12,241,272
- Benefits paid
- $1,473,413
- Administrative expenses
- $60,489
- Total expenses
- $1,540,576
- Net increase / (decrease)
- $10,700,696
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Independent Professional Services, | ADMINISTRATION | $19,085 | not reported in the loaded dataset |
| Meridian Wealth Partners LLC | FIDUCIARY | $13,993 | not reported in the loaded dataset |
| Dunlap Slk | AUDITOR | $13,000 | not reported in the loaded dataset |
| Transamerica Retirement Solutions | RECORD KEEPER | $12,089 | $0 |
| Charles Schwab & Co., Inc. | SECURITIES BROKER | $426 | $0 |
| National Financial Services | SECURITIES BROKER | $0 | $0 |