401(k) · DOL Form 5500 · 2023

Innovative Professional Solutions, Incorporated 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
109
Participants Small participant base
42nd
Percentile by assets National rank
$40,087
Avg per participant Low balance/head
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Official DOL plan name: Innovative Professional Solutions, Inc. 401(k) · Sponsored by Innovative Professional Solutions, Incorporated · Florida · Professional & Technical Services

$4M in assets, 109 participants

Innovative Professional Solutions, Incorporated's Innovative Professional Solutions, Inc. 401(k) reported $4M in total assets and 109 participants in its 2023 DOL Form 5500 filing, ranking in the 42nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,995 in Professional & Technical Services (20,321 peers)

Coverage in Florida

Innovative Professional Solutions, Inc. 401(k) covers 109 participants in Florida, about 17% of the average Florida filer (state average ~628 per filing). Assets: $4M.

#7,995
in Professional & Technical Services (20,321 peers)
+65.0%
assets growth YoY

Innovative Professional Solutions, Inc. 401(k)'s mid-pack asset rank among Professional & Technical Services and all filers

Innovative Professional Solutions, Inc. 401(k) vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,369,452 42nd percentile higher than 42% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Innovative Professional Solutions, Inc. 401(k) among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovative Professional Solutions, Inc. 401(k) sits mid-pack in the medium band (109 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innovative Professional Solutions, Inc. 401(k) reported net income rose from $204K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Innovative Professional Solutions, Inc. 401(k) end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Innovative Professional Solutions, Inc. 401(k) reported participants rose from 97 in the plan year 2022 filing to 109 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 593759714 · Innovative Professional Solutions, Incorporated PY 2023 · 401(k)

Innovative Professional Solutions, Inc. 401(k) · $4M · 109 · 42nd

  • BOOK $4M
  • BOOK 109
  • BOOK 42nd
  • BOOK 401(k)
  • BOOK near Business Operational Concepts, LLC 401(k) Plan
  • BOOK ind #7995

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Florida →

Innovative Professional Solutions, Inc. 401(k) in the asset neighbourhood

Innovative Professional Solutions, Inc. 401(k)Innovative Professional Solu…$4MBusiness Operational Concepts, LLC 401(k) PlanBusiness Operational Concept…$4MHighlands Properties Holdings 401(k) Profit Sharing PlanHighlands Properties Holding…$4MHoffman Instrument Supply, Inc. 401(k) PlanHoffman Instrument Supply, I…$4MR.J.S. Tool & Gage Co. Employees' Profit Sharing & 401(k) PlanR.J.S. Tool & Gage Co. Emplo…$4M
End-of-year total assets ($M) among Innovative Professional Solutions, Inc. 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$2M
Employer EIN593759714
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovative Professional Solutions, Incorporated)

Sponsor-wide plan assets over time

All Innovative Professional Solutions, Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$5M 95.55785190272331% vs 2022
2024 filing year
$2M$3M$4M$5M$6M 202220232024 $2.65M $5.18M ▲ +95.5%
Year Plans Participants Total Assets
2022 1 97 $3M
2023 1 109 $4M
2024 1 119 $5M

Nearby 401(k) Plans in Florida

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Innovative Professional Solutions, Inc. 401(k) vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Innovative Professional Solutions, Inc. 401(k), Total assets ($B): 0.004369452 · Participants: 109Innovative Professional Solutions, Inc. 401(k)L3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Innovative Professional Solutions, Inc. 401(k) vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Innovative Professional Solutions, Inc. 401(k) side-by-side with 3 peers →

Innovative Professional Solutions, Inc. 401(k)'s out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Business Operational Concepts, LLC 401(k) Plan in PA ($4M); by covered participants it is Mcmanis & Monsalve Associates Profit Sharing Plan in MD (109 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (109 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Innovative Professional Solutions, Inc. 401(k) assets move in 2023? ▼
Innovative Professional Solutions, Inc. 401(k) surged - up 65.0% during 2023, from $3M to $4M. Reported net income was $2M.
How have Innovative Professional Solutions, Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovative Professional Solutions, Incorporated's sponsor-wide assets grew 95.6%, from $3M to $5M.
Which 401(k) plans are similar in size to Innovative Professional Solutions, Inc. 401(k)? ▼
Among 401(k) plans in other states, the closest by assets is Business Operational Concepts, LLC 401(k) Plan in PA ($4M, 81 participants).
Which 401(k) plans cover a similar participant headcount to Innovative Professional Solutions, Inc. 401(k)? ▼
Among 401(k) plans in other states, the closest by covered participants is Mcmanis & Monsalve Associates Profit Sharing Plan in MD (109 participants, $7M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 593759714.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.