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IR PAYROLL SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan NameIR PAYROLL SERVICES, INC. 401(K) PLAN
Plan identification number 001

IR PAYROLL SERVICES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • 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

IR PAYROLL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:IR PAYROLL SERVICES, INC.
Employer identification number (EIN):475162573
NAIC Classification:531310

Additional information about IR PAYROLL SERVICES, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2015-09-17
Company Identification Number: 0802295156
Legal Registered Office Address: 2251 BROADWAY ST STE 108

SAN ANTONIO
United States of America (USA)
78215

More information about IR PAYROLL SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IR PAYROLL SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01CHRIS HORNE2024-07-23
0012022-01-01DIANA P. PLYLER

Financial Data on IR PAYROLL SERVICES, INC. 401(K) PLAN

Measure Date Value
2025 : IR PAYROLL SERVICES, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-180
Total expenses incurred by plan in this plan year2025-07-1875183
Net assets as of the end of the plan year2025-07-18593067
Total assets as of the beginning of the plan year2025-07-18379484
Value of plan covered by a fidelity bond2025-07-1840000
Participant contributions to plan in this plan year2025-07-18165293
Value of participant loans at end of plan year2025-07-1813475
Other contributions to plan in this plan year2025-07-180
Other income to plan in this plan year2025-07-1853611
Plan net income in this plan year2025-07-18213583
Net assets as of the end of the plan year2025-07-18593067
Net assets as of the beginning of the plan year2025-07-18379484
Value of contributions failed to transmitted timely2025-07-180
Employer contributions to plan in this plan year2025-07-1869862
Fees paid to broker by Benefit Provider2025-07-180
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-183032
2024 : IR PAYROLL SERVICES, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-230
Total expenses incurred by plan in this plan year2024-07-2376431
Net assets as of the end of the plan year2024-07-23379484
Total assets as of the beginning of the plan year2024-07-23127311
Value of plan covered by a fidelity bond2024-07-2320000
Participant contributions to plan in this plan year2024-07-23176595
Value of participant loans at end of plan year2024-07-234388
Other contributions to plan in this plan year2024-07-2338471
Other income to plan in this plan year2024-07-2342649
Plan net income in this plan year2024-07-23252173
Net assets as of the end of the plan year2024-07-23379484
Net assets as of the beginning of the plan year2024-07-23127311
Value of contributions failed to transmitted timely2024-07-237480
Employer contributions to plan in this plan year2024-07-2370889
Fees paid to broker by Benefit Provider2024-07-230
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-231224
2022 : IR PAYROLL SERVICES, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$700
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$127,351
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$740
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$700
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$126,621
Value of total assets at end of year2022-01-01$127,311
Value of total assets at beginning of year2022-01-01$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$40
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$688
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$688
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$10,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$86,316
Total non interest bearing cash at end of year2022-01-01$38,603
Total non interest bearing cash at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$126,611
Value of net assets at end of year (total assets less liabilities)2022-01-01$126,611
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$40
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$88,708
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$42
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$40,305
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$700
Liabilities. Value of benefit claims payable at end of year2022-01-01$700
Liabilities. Value of benefit claims payable at beginning of year2022-01-01$0
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01KBFALK, PLLC
Accountancy firm EIN2022-01-01823097971

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