Ip Corporation 401(k) Review & Grade
Ip Corporation 401(k) Plan
ST. Paul, MNManufacturing632 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,746Employer $ per active participant
$6,741Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$115.7MNet plan assets, end of year
$136,551Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost19.4 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 77th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Ip put in about $5,746 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,628,313 |
| Participant (employee) contributions | $4,257,175 |
| Other contributions (incl. rollovers in) | $1,334,961 |
| Administrative expenses paid from the plan | $93,355 |
| Other admin expenses | $93,355 |
| Benefits paid out | $9,386,949 |
| Net assets, start / end of year | $100.8M / $115.7M |
| Active participants, start / end of year | 619 / 644 |
| Participants with account balances | 847 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Olsen Thielen & Co.ltd. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $64,320 reported compensation |
| Mma Securities LLC | $32,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006112731NAL0003333889001, received 2025-10-06, EIN 41-0850438, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.