Employers › IPG Photonics
Recordkeeping fees per participant · IPG Photonics Corporation 401(k) Retirement Plan · plan year 2024
$16.25
Higher than 14% of the 1,697 plans $250M to 1B that report it.
= $42,426 / 2,611
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250828131723NAL0005572435001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828131723NAL0005572435001, received 2025-08-28
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-28.
Administrative expenses excluding investment management, per participant
$16.48
Higher than 9% of the 2,324 plans $250M to 1B that report it.
= $43,026 / 2,611
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250828131723NAL0005572435001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828131723NAL0005572435001, received 2025-08-28
Administrative expenses per participant
$16.48
Higher than 6% of the 2,405 plans $250M to 1B that report it.
= $43,026 / 2,611
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828131723NAL0005572435001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828131723NAL0005572435001, received 2025-08-28
Administrative expenses as a share of assets
0.015%
Higher than 8% of the 2,407 plans $250M to 1B that report it.
= $43,026 / $288,906,273
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828131723NAL0005572435001, received 2025-08-28
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250828131723NAL0005572435001, received 2025-08-28
Employer contributions per participant
$1,964
Higher than 26% of the 2,457 plans $250M to 1B that report it.
= $5,127,923 / 2,611
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828131723NAL0005572435001, received 2025-08-28
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828131723NAL0005572435001, received 2025-08-28
Employer share of total contributions
21.7%
Higher than 20% of the 2,459 plans $250M to 1B that report it.
= $5,127,923 / $23,614,655
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828131723NAL0005572435001, received 2025-08-28
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250828131723NAL0005572435001, received 2025-08-28
Plan terms are described in IPG Photonics Corporation's SEC filings: Form 10-K filed 2026-02-23. No term could be quoted from them with the required precision.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250828131723NAL0005572435001, received 2025-08-28
| Field | Value | Source |
|---|---|---|
| Plan sponsor | IPG PHOTONICS CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Plan name | IPG PHOTONICS CORPORATION 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Sponsor EIN / plan number | 04-3444218 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Sponsor location | OXFORD, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Industry (business code) | 334200, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Filing received | 2025-08-28 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Participants, beginning of year | 2,922 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Active participants | 1,940 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Participants, end of year | 2,671 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Participants with an account balance | 2,611 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total assets, beginning of year | $255,246,901 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total assets, end of year | $288,906,273 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Net assets, end of year | $288,906,273 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total income | $61,403,025 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Net income | $33,659,372 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Employer contributions | $5,127,923 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Participant contributions | $16,655,042 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Other contributions (incl. rollovers) | $1,831,690 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total contributions | $23,614,655 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Benefit payments | $27,696,186 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total expenses (incl. benefit payments) | $27,743,653 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Total administrative expenses | $43,026 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Contract administrator fees | $600 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Recordkeeping fees | $42,426 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Administrative expenses excluding investment management | $43,026 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Held in mutual funds | $273,466,675 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250828131723NAL0005572435001, received 2025-08-28 |
| Independent auditor | LEE & CROWLEY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250828131723NAL0005572435001, received 2025-08-28 |
Position = column in the DOL layout for form year 2024. Filing 20250828131723NAL0005572435001, received 2025-08-28.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $-17,326 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250828131723NAL0005572435001, received 2025-08-28.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $255,246,901 | $288,906,273 | 13.2% |
| Participants with a balance | 2,823 | 2,611 | -7.5% |
| Administrative expenses | $36,806 | $43,026 | 16.9% |
| Recordkeeping fees per participant | $12.72 | $16.25 | 27.8% |
| Employer contributions | $5,509,129 | $5,127,923 | -6.9% |
Prior filing 20240910084818NAL0005439841001, received 2024-09-10; the plan years are contiguous.
Sponsor name as filed: IPG PHOTONICS CORPORATION; SEC registrant: IPG PHOTONICS CORP (CIK 1111928, matched by EIN; display name from the Form 10-K cover).