Ipl US Holding Company 401(k) Review & Grade
Ipl US Holding Company 401(k) Retirement Plan
Lees Summit, MOManufacturing842 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,643Employer $ per active participant
$2,546Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$44.6MNet plan assets, end of year
$71,476Average balance per account
Score breakdown
- Employer generosity17.1 / 5034th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 35th |
| Employee saving | 18th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,142 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,213 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ipl US Holding put in about $1,643 per active participant, below the typical peer ($2,320). 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 (0.35% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,382,626 |
| Participant (employee) contributions | $2,142,685 |
| Other contributions (incl. rollovers in) | $1,296,043 |
| Administrative expenses paid from the plan | $147,584 |
| Contract administrator fees | $69,954 |
| Other admin expenses | −$13,685 |
| Benefits paid out | $4,011,406 |
| Net assets, start / end of year | $40.2M / $44.6M |
| Active participants, start / end of year | 832 / 851 |
| Participants with account balances | 624 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rubinbrown LLP |
Largest service providers (Schedule C)
| Pentegra Services, Inc. | $69,954 reported compensation |
| Empower Annuity Insurance Co of Ame | $69,615 reported compensation |
| Rubin Brown LLP | $21,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009112832NAL0006912033001, received 2025-10-09, EIN 41-2281233, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.