The Ifp Group Of Companies Profit Sharing 401(K) Plan — Form 5500 plan (Ifp Motion Solutions)
Plain-English plan 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, The Ifp Group Of Companies Profit Sharing 401(K) Plan is a benefit plan reported by Ifp Motion Solutions under EIN 42-1000175 and plan number 001. The latest loaded filing year is 2023. The filing reports 173 participants and $38,084,019 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Ifp Motion Solutions
- EIN
- 42-1000175
- Plan number
- 001
- Plan type
- 2
- Location
- Cedar Rapids, IA
- Latest filing year
- 2023
- Participants
- 173
- End-of-year plan assets
- $38,084,019
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 173 | H, C | 20250710154335NAL0006731137001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,084,019
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,084,019
- Net assets (BOY)
- $28,754,730
Income & contributions
- Employer contributions
- $1,942,959
- Participant contributions
- $1,557,838
- Total contributions
- $3,827,314
- Total income / additions
- $11,475,756
Expenses & distributions
- Benefits paid
- $2,062,285
- Administrative expenses
- $84,182
- Total expenses
- $2,146,467
- Net increase / (decrease)
- $9,329,289
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $35,178 | $0 | 2023 |
| Prime Capital Investment Advisors | ADVISOR | $32,104 | not reported in the loaded dataset | 2023 |
| Bergankdv, Ltd. | ACCOUNTANT/AUDITOR | $16,900 | not reported in the loaded dataset | 2023 |