P PlanScore

Home / Employer profile

Department of Labor filing

INDUSTRIAL PIPING SPECIALISTS, INC.

IPS 401(K) PLAN · For the plan year ended Dec 31, 2024

Spot something wrong?
Public filing 2024 · received Jul 22, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

55filing comparison
out of 100

The filing looks broadly typical among comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support
$3,119

Reported employer contributions per active participant.

Higher than about 75% of comparable plans
#People in the filing
326

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$417 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 8% of comparable plans
↗Investment performance
Not available

Plan assets changed 15.4%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 202455out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions75th percentileTypical peer $2,059 · based on 1,266 comparable plans
Lower reported administrative expense8th percentileTypical peer $195 · based on 1,288 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, INDUSTRIAL PIPING SPECIALISTS, INC. reported $1,016,828 in employer contributions across the plan and 326 active participants. That works out to $3,119 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy82%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 2.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 6.3%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context55/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$1,016,828
Participant contributions
$1,767,716
Other contributions
$213,170
Employer share of reported contributions
36.5%
Beginning assets
$30,955,626
Ending assets
$35,710,440
Ending net assets
$35,676,193
Ending liabilities
$34,247
Total income
$7,043,880
Total expenses
$2,292,800
Administrative expenses
$162,624
Participant loans
$1,090,967

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$3,198
2023
$3,163
2024
$3,119
Plan-paid administrative expenses per participant
2022
$445
2023
$419
2024
$417
Active participants
2022
275
2023
308
2024
326
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$3,11932635.7M20250722114556NAL0006779666001
2023$3,16330831M20240905094309NAL0010301779001
2022$3,19827527.3M20230726172046NAL0021755954001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
3.1%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
731288897-001

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 1990
Industry
Wholesale trade
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
ADVISORS INNER CIRCLE FUND III2024Not reportedunknown
ALLIANCEBERNSTEIN LARGE CAP GROWTH2024Not reportedunknown
ALLSPRING FUNDS TRUST2024Not reportedunknown
AMERICAN CENTURY CAPITAL PORTFOLIOS2024Not reportedunknown
AMERICAN CENTURY GOVT INCOME TRUST2024Not reportedunknown
COHEN & STEERS INSTL REALTY SHARES2024Not reportedunknown
FEDERATED HERMES FUNDS2024Not reportedunknown
FIDELITY CONCORD STREET TRUST2024Not reportedunknown
GUGGENHEIM INVESTMENTS2024Not reportedunknown
JPMORGAN TRUST I2024Not reportedunknown
JPMORGAN TRUST II2024Not reportedunknown
MFS BLENDED RESEARCH INTL EQ R62024Not reportedunknown
MFS SERIES TRUST X2024Not reportedunknown
PRIMECAP ODYSSEY FUNDS2024Not reportedunknown
T ROWE PRICE INTL FUNDS INC2024Not reportedunknown
T ROWE PRICE MID-CAP GROWTH FUND2024Not reportedunknown
UNDISCOVERED MANAGERS FUNDS2024Not reportedunknown
VANGUARD BOND INDEX FUNDS2024Not reportedunknown
VANGUARD CHESTER FUNDS2024Not reportedunknown
VANGUARD INDEX FUNDS2024Not reportedunknown
VANGUARD TAX MANAGED FUNDS2024Not reportedunknown

Current plan terms

Help fill the gap the filing leaves.

If you have a current SPD, fee disclosure, or enrollment guide, you can share it with us. We check the source and date before adding anything to the profile.

Share a document →
Filing ACK_ID20250722114556NAL0006779666001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗