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INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN 401k Plan overview

Plan NameINNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN
Plan identification number 001

INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

INNOVATIVE SYSTEMS & SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:INNOVATIVE SYSTEMS & SOLUTIONS, INC.
Employer identification number (EIN):273078891
NAIC Classification:541511
NAIC Description:Custom Computer Programming Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICHOLAS KENNEDY2024-07-19
0012022-01-01NICHOLAS KENNEDY2023-10-09
0012021-01-01NICHOLAS KENNEDY2022-10-03
0012020-01-01NICHOLAS KENNEDY2021-09-28

Financial Data on INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN

Measure Date Value
2025 : INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-0684308
Net assets as of the end of the plan year2025-06-06613317
Total assets as of the beginning of the plan year2025-06-06551026
Value of plan covered by a fidelity bond2025-06-06100000
Participant contributions to plan in this plan year2025-06-0656107
Other income to plan in this plan year2025-06-0676060
Plan net income in this plan year2025-06-0662291
Net assets as of the end of the plan year2025-06-06613317
Net assets as of the beginning of the plan year2025-06-06551026
Value of contributions failed to transmitted timely2025-06-063917
Employer contributions to plan in this plan year2025-06-0614432
Fees paid to broker by Benefit Provider2025-06-061789
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-066128
2024 : INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-195559
Net assets as of the end of the plan year2024-07-19551026
Total assets as of the beginning of the plan year2024-07-19411197
Value of plan covered by a fidelity bond2024-07-19100000
Participant contributions to plan in this plan year2024-07-1940810
Other income to plan in this plan year2024-07-1979148
Plan net income in this plan year2024-07-19139829
Net assets as of the end of the plan year2024-07-19551026
Net assets as of the beginning of the plan year2024-07-19411197
Value of contributions failed to transmitted timely2024-07-193917
Employer contributions to plan in this plan year2024-07-1925430
Fees paid to broker by Benefit Provider2024-07-191412
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-194514
2022 : INNOVATIVE SYSTEMS & SOLUTIONS, INC. 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-0323072
Net assets as of the end of the plan year2022-10-03548913
Total assets as of the beginning of the plan year2022-10-03152085
Value of plan covered by a fidelity bond2022-10-0320000
Participant contributions to plan in this plan year2022-10-03149299
Other contributions to plan in this plan year2022-10-03145781
Other income to plan in this plan year2022-10-0349726
Plan net income in this plan year2022-10-03396828
Net assets as of the end of the plan year2022-10-03548913
Net assets as of the beginning of the plan year2022-10-03152085
Employer contributions to plan in this plan year2022-10-0375094
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-036139

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