Interstate Personnel Services,inc. 401(k) Review & Grade
Ips Employee Retirement Savings Plan
Murray, KYTransportation & Warehousing992 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$2,026Employee $ saved per active participant
1.34%Direct admin cost, % of plan assets
$14.8MNet plan assets, end of year
$8,386Average balance per account
Score breakdown
- Employer generosity7.4 / 5015th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 3th |
| Employee saving | 30th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Interstate Personnel Services,inc. put in about $296 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.34% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $293,771 |
| Participant (employee) contributions | $2,009,971 |
| Other contributions (incl. rollovers in) | $318,875 |
| Administrative expenses paid from the plan | $184,906 |
| Investment advisory & management fees | $8,333 |
| Benefits paid out | $3,188,540 |
| Net assets, start / end of year | $12.8M / $14.8M |
| Active participants, start / end of year | 963 / 1,021 |
| Participants with account balances | 1,769 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Sentinel Benefits Group, Inc. | $114,640 reported compensation |
| Transamerica Financial Life Co | $61,933 reported compensation |
| Sentinel Pension Advisors | $8,333 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015071843NAL0001964803001, received 2025-10-15, EIN 61-0717059, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.