Plan Ledger DOL Form 5500 · updated monthly

International Restaurant Services, Inc.Profit-sharing plan

INTERNATIONAL RESTAURANT SERVICES, INC. RETIREMENT PLAN · TOA BAJA, PR · plan year 2024

Employer contribution per participant · 2024
$50

International Restaurant Services, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $4,878,163 across 1,751 participant accounts, with employer contributions averaging $50 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in PR (180th of 323), and the 899th of 2,240 in accommodation & food services. In 2024, employees put in $4.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,878,163
Participants with balances1,751
Active participants3,927
Employer contributions$198,263
Employee contributions$856,690
Employer contribution per active participant$50
Average account balance$2,786
Benefits paid to participants$256,401
Plan auditUnmodified (clean) audit opinion
AuditorKEVANE GRANT THORNTON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 1,751 accts · $198K emplr
2023$3.7M · 1,700 accts · $165K emplr
2022$2.7M · 1,524 accts · $123K emplr
Employer contributions to the International Restaurant Services, Inc. plan · 2024
Employer contribution per active participant$50
Median for plans this size$1,313
2024$50 per active participant
2023$39 per active participant
2022$34 per active participant

International Restaurant Services, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansAccommodation & Food Services · PR
Highgate Hotels LLC PR$2.2M · 1.47%
Cchpr Hospitality LLC PR$2.2M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660498525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.