Ips Corporation 401(k) Review & Grade
Ips Corporation 401(k) Plan
Compton, CAManufacturing540 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,089Employer $ per active participant
$6,609Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$44.8MNet plan assets, end of year
$55,042Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 28th |
| Employee saving | 70th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $15 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ips put in about $3,089 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.43% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,666,458 |
| Participant (employee) contributions | $3,565,705 |
| Other contributions (incl. rollovers in) | $426,114 |
| Administrative expenses paid from the plan | $177,519 |
| Contract administrator fees | $123,849 |
| Investment advisory & management fees | $53,670 |
| Benefits paid out | $3,695,931 |
| Net assets, start / end of year | $38.0M / $44.8M |
| Active participants, start / end of year | 505 / 574 |
| Participants with account balances | 814 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $123,904 reported compensation |
| Kestra Advisory Services, LLC | $53,670 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124238NAL0009640466001, received 2025-10-15, EIN 95-3922892, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.