American Payroll Service 401(k) Retirement Plan
American Payroll Service LLC, Mayfield Heights OH. Employer ID 471078916, plan number 001. Annual reports on file for 2014 to 2024.
Where the money went
Plans that moved money into this one:
- 2014: money from Callos Professional Employment 401(k) Retirement Plan moved in.
- 2015: money from Callos Professional Employment 401(k) Retirement Plan moved in.
- 2020: money from C & S Services 401(k) Savings Plan moved in.
- Filed 2014-2024American Payroll Service 401(k) Retirement Plan, American Payroll Service LLC
- TodayAmerican Payroll Service 401(k) Retirement Plan still files. Transamerica Financial Life Ins Co keeps the records. That is where to ask.
Records are kept by Transamerica Financial Life Ins Co, per the 2018 filing.
Left in 2021? You may be owed employer money
- In plan year 2021, active participants fell from 164 to 107 (35%), and 11 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. A 2021 law (Consolidated Appropriations Act, section 209) can excuse a drop between March 2020 and March 2021 if the plan had rehired enough people by March 31, 2021. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2017: The employer adopted a resolution to terminate the plan.
- 2018: At least 25% of plan assets were transferred to another plan this year (merger or spin-off).
People in the plan
"Separated, still owed" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Separated, still owed | Source |
|---|---|---|---|
| 2014 | 401 | 108 | Filing |
| 2015 | 512 | 128 | Filing |
| 2016 | 492 | 144 | Filing |
| 2017 | 455 | 100 | Filing |
| 2018 | 223 | 53 | Filing |
| 2019 | 239 | 70 | Filing |
| 2020 | 205 | 41 | Filing |
| 2021 | 136 | 29 | Filing |
| 2022 | 151 | 30 | Filing |
| 2023 | 164 | 22 | Filing |
| 2024 | 155 | 30 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.