INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K)
Plan Contact
- Address: 8317 FRONT BEACH ROAD,,PANAMA CITY BEACH,FL
- Contact person: BRANDI DERBY
- Phone: (850) 249-1536
Plan General Information
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is $4,369,452.00.This plan was established in 2020.
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is 139
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is $31,434.00
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is $4,348.00.
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is approximately $1,699.00
Investing in this additonal $1,699.00 for 20 years would give you extra $108,752.00, assuming a 10% annual return.
Investing in this additonal $1,699.00 for 20 years would give you extra $108,752.00, assuming a 10% annual return.
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Total Employer Contribution and Match Rate
In 2023, INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) allocates $236,196.00 to match its employees' contributions, providing an employer match rate of 40.54% of their contributions
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is 64.97%.
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is 18.39%. This measures the effectiveness of the plan participants' investments in the year.
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) Expense Ratio
In 2023, the investment and administrative expense ratio of INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) is 0.25%.
Enrollment Features
INNOVATIVE PROFESSIONAL SOLUTIONS, INC. 401(K) has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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