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Original filing (PDF)20251015102619NAL0002143155001
IPAS, INC.
Form 5500
FILING_RECEIVED
IPAS, INC. 401(K) PLAN
401(k) retirement plan
Active participants
81
Accounts w/ balance
149
Plan assets (EOY)
$21.1M
Net assets (EOY)
$21.1M
How this plan invests
This plan
29 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
100
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
100
Vendor stack
100
Participation health
100
Helping the score
- Below-peer total fees (19 bps vs 29 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for IPAS, INC..
Plan sponsor
Name
IPAS, INC.
EIN
56-1071085
Address
4711 HOPE VALLEY RD · SUITE 4F-720 · DURHAM, NC · 27707
Phone
(919) 883-3742
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2R · Participant-directed brokerage (SDBA)
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
CLIFTON LARSON ALLEN LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CHARTER WEALTH MANAGEMENT | 45-4433073 | — | NONE | $20K | — |
| AMERITAS LIFE INSURANCE CORP | 47-0098400 | — | NONE | $15K | — |
| CHARLES SCHWAB BANK | 82-3967259 | — | NONE | $5K | — |
Investments
29 direct securities· $21.1M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Invesco Equally Weighted S&P 500 Fund - Class R6 | — | — | — | $3.8M | 17.9% | |
| Fidelity 500 Index Fund | — | — | — | $2.5M | 11.8% | |
| American Funds 2045 Target Date Retirement Fund - Class R6 | — | — | — | $2.1M | 9.8% | |
| MFS Growth Allocation - Class R6 | — | — | — | $1.5M | 7.0% | |
| Columbia Mid Cap Index Fund Institutional - Class R5 | — | — | — | $1.1M | 5.4% | |
| American Funds 2040 Target Date Retirement Fund - Class R6 | — | — | — | $1.1M | 5.3% | |
| WCW Focused International Growth Fund Institutional Class | — | — | — | $1.1M | 5.1% | |
| American Funds 2050 Target Date Retirement Fund - Class R6 | — | — | — | $964K | 4.6% | |
| American Funds 2035 Target Date Retirement Fund - Class R6 | — | — | — | $854K | 4.1% | |
| American Funds 2025 Target Date Retirement Fund - Class R6 | — | — | — | $790K | 3.7% | |
| Lord Abbett Short Duration Income - Class R6 | — | — | — | $678K | 3.2% | |
| Charles Schwab Bank Savings Money Market Deposit Account | — | — | — | $665K | 3.2% | |
| American Funds 2055 Target Date Retirement Fund - Class R6 | — | — | — | $578K | 2.7% | |
| Vanguard Wellesley Income Fund Admiral | — | — | — | $521K | 2.5% | |
| Vanguard Total Bond Market index Adm | — | — | — | $513K | 2.4% | |
| Columbia Small Cap Index Fund Institutional - Class R5 | — | — | — | $472K | 2.2% | |
| Vanguard Long-Term Investments-Grade Fund Admiral | — | — | — | $325K | 1.5% | |
| American Funds 2030 Target Date Retirement Fund - Class R6 | — | — | — | $306K | 1.5% | |
| American Funds 2015 Target Date Retirement Fund - Class R6 | — | — | — | $234K | 1.1% | |
| American Funds Balanced Fund - Class R6 | — | — | — | $202K | 1.0% | |
| MFS International Value Fund - Class R6 | — | — | — | $191K | 0.9% | |
| American Funds New World Fund - Class R6 | — | — | — | $190K | 0.9% | |
| PIMCO Global Bond Opportunities Fund Institutional Class | — | — | — | $159K | 0.8% | |
| Vanguard Real Estate Index Fund Admiral | — | — | — | $142K | 0.7% | |
| Vanguard Hi-Yield Corp FD Admiral SH | — | — | — | $94K | 0.4% | |
| American Funds 2060 Target Date Retirement Fund - Class R6 | — | — | — | $33K | 0.2% | |
| MFS Aggressive Growth Allocation - Class R6 | — | — | — | $22K | 0.1% | |
| American Funds 2020 Target Date Retirement Fund - Class R6 | — | — | — | $9K | <0.1% | |
| Participants Participant Loans Rates of 6.5% - 9.5% - | — | — | — | $3K | <0.1% |
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