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1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN 401k Plan overview

Plan Name1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN
Plan identification number 001

1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

1ST CHOICE TAX AND ACCOUNTING SERVICES has sponsored the creation of one or more 401k plans.

Company Name:1ST CHOICE TAX AND ACCOUNTING SERVICES
Employer identification number (EIN):814028816
NAIC Classification:541213
NAIC Description:Tax Preparation Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CLAUDIA LOPEZ2024-07-15 CLAUDIA LOPEZ2024-07-15
0012022-01-01CLAUDIA LOPEZ2023-07-06
0012021-01-01JESUS COLLAZO2022-03-25
0012020-01-01JESUS COLLAZO2021-06-03
0012019-01-01JESUS COLLAZO2020-08-28

Financial Data on 1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN

Measure Date Value
2025 : 1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-08-260
Total expenses incurred by plan in this plan year2025-08-262388
Net assets as of the end of the plan year2025-08-2677148
Total assets as of the beginning of the plan year2025-08-2661054
Value of plan covered by a fidelity bond2025-08-2610000
Participant contributions to plan in this plan year2025-08-268257
Value of participant loans at end of plan year2025-08-26943
Other income to plan in this plan year2025-08-2610225
Plan net income in this plan year2025-08-2616094
Net assets as of the end of the plan year2025-08-2677148
Net assets as of the beginning of the plan year2025-08-2661054
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-26571
2024 : 1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-07-150
Total expenses incurred by plan in this plan year2024-07-15751
Net assets as of the end of the plan year2024-07-1561054
Total assets as of the beginning of the plan year2024-07-1543640
Value of plan covered by a fidelity bond2024-07-1510000
Participant contributions to plan in this plan year2024-07-158697
Value of participant loans at end of plan year2024-07-152334
Other income to plan in this plan year2024-07-159468
Plan net income in this plan year2024-07-1517414
Net assets as of the end of the plan year2024-07-1561054
Net assets as of the beginning of the plan year2024-07-1543640
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-15476
2022 : 1ST CHOICE TAX AND ACCOUNTING SERVICES 401(K) P/S PLAN 2022 401k financial data
Total liabilities as of the end of the plan year2022-03-250
Total liabilities as of the beginning of the plan year2022-03-250
Total expenses incurred by plan in this plan year2022-03-25207
Net assets as of the end of the plan year2022-03-2540433
Total assets as of the beginning of the plan year2022-03-2520913
Value of plan covered by a fidelity bond2022-03-2510000
Participant contributions to plan in this plan year2022-03-2515831
Other expenses paid from plan in this plan year2022-03-250
Other contributions to plan in this plan year2022-03-250
Other income to plan in this plan year2022-03-253896
Plan net income in this plan year2022-03-2519520
Net assets as of the end of the plan year2022-03-2540433
Net assets as of the beginning of the plan year2022-03-2520913
Employer contributions to plan in this plan year2022-03-250
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-25207

Potentially related plans

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