How big is Innovative Payroll Processing, Inc. (MEP)'s plan?

Innovative Payroll Processing, Inc. (MEP)'s plan reported $1.9M in assets and 347 participants for 2022.

Original filing (PDF)20231016142808NAL0051306544001

Innovative Payroll Processing, Inc. (MEP)

Name: Innovative Payroll Processing, Inc. (MEP) — Form 5500 Plan 001 (2022)
Creator: Innovative Payroll Processing, Inc. (MEP)
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Innovative Payroll Plan

401(k) retirement plan · Innovative Payroll Processing, Inc. (MEP)'s Innovative Payroll Plan held $1.9M in plan assets for 347 participants in 2022.

Signals · 1

No auditor on file

Active participants

347

Accounts w/ balance

139

Plan assets (EOY)

$1.9M

Net assets (EOY)

$1.9M

Plan identifiers

Innovative Payroll Processing, Inc. (MEP)'s EIN is 20-3907862.

EIN 20-3907862

Plan number 001

Plan year 2022

ACK ID 20231016142808NAL0051306544001

Official Form 5500 document

Download the official 2022 Form 5500 (PDF) for Innovative Payroll Processing, Inc. (MEP) from the U.S. Department of Labor's EFAST2 system.

Download the official 2022 Form 5500 (PDF)

Plan features

Innovative Payroll Processing, Inc. (MEP)'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for INNOVATIVE PAYROLL PROCESSING, INC. (MEP).

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Plan health score

Average plan with room to improve

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

No independent qualified public accountant (IQPA) named.
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (2nd percentile).

Helping the score