401(k) · DOL Form 5500 · 2024

Innovative Professional Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
119
Participants Small participant base
43rd
Percentile by assets National rank
$43,526
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, Inc. · Florida · Professional & Technical Services

$5M in assets, 119 participants

Innovative Professional Solutions, Inc.'s Innovative Professional Solutions, Inc. 401(k) reported $5M in total assets and 119 participants in its 2024 DOL Form 5500 filing, ranking in the 43rd 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.

  • #8,095 in Professional & Technical Services (20,173 peers)

Coverage in Florida

Innovative Professional Solutions, Inc. 401(k) covers 119 participants in Florida, about 19% of the average Florida filer (state average ~628 per filing). Assets: $5M.

#8,095
in Professional & Technical Services (20,173 peers)
+18.5%
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 2024 · DOL Form 5500

$5,179,645 43rd percentile higher than 43% of 123,620 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 2024

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

Plan-year 2024 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 (119 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Innovative Professional Solutions, Inc. 401(k) reported net income fell from $2M in the plan year 2023 filing to $810K in the plan year 2024 filing.
  • Innovative Professional Solutions, Inc. 401(k) end-of-year assets rose from $4M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Innovative Professional Solutions, Inc. 401(k) reported participants rose from 109 in the plan year 2023 filing to 119 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 593759714 · Innovative Professional Solutions, Inc. PY 2024 · 401(k)

Innovative Professional Solutions, Inc. 401(k) · $5M · 119 · 43rd

  • ASSETS $5M
  • PCT 119
  • EIN 43rd
  • RANK 401(k)
  • PHOTO near Id Castings, LLC 401(k) Plan
  • IND ind #8095

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…$5MId Castings, LLC 401(k) Plan$5MAlocon Industries 401(k) Profit Sharing PlanAlocon Industries 401(k) Pro…$5MMission City Community Network, Inc. 403(b) PlanMission City Community Netwo…$5MFleetmaster/Englander 401(k) PlanFleetmaster/Englander 401(k)…$5M
End-of-year total assets ($M) among Innovative Professional Solutions, Inc. 401(k) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Florida filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$810K
Employer EIN593759714
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovative Professional Solutions, Inc.)

Sponsor-wide plan assets over time

All Innovative Professional Solutions, Inc. 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): 0.005179645 · Participants: 119Innovative Professional Solutions, Inc. 401(k)L3harris Retirement Savings Plan, Total assets ($B): 16.316786122 · Participants: 40330L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 13.167098888 · Participants: 51081Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 9.190044852 · Participants: 310261Adp Totalsource Retirement Savings PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 8.068866271 · Participants: 197102Publix Super Markets, Inc. 401(k) Smart PlanNextera Energy, Inc. Employee Retirement Savings Plan, Total assets ($B): 5.484619612 · Participants: 16678Nextera Energy, Inc. Employee Retirement Savings Plan
Innovative Professional Solutions, Inc. 401(k) vs. nearby 401(k) plans in Florida, assets vs. participants

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 Id Castings, LLC 401(k) Plan in IN ($5M); by covered participants it is Culy Contracting LLC Retirement Savings Plan in IN (119 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (119 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024?
Innovative Professional Solutions, Inc. 401(k) grew sharply - up 18.5% during 2024, from $4M to $5M. Reported net income was $810K.
How have Innovative Professional Solutions, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Innovative Professional Solutions, Inc.'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 Id Castings, LLC 401(k) Plan in IN ($5M, 164 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 Culy Contracting LLC Retirement Savings Plan in IN (119 participants, N/A in assets).