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DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 401k Plan overview

Plan NameDR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN
Plan identification number 001

DR. ROBERT SCHORN PURNELL, LLC 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.
  • 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

DR. ROBERT SCHORN PURNELL, LLC has sponsored the creation of one or more 401k plans.

Company Name:DR. ROBERT SCHORN PURNELL, LLC
Employer identification number (EIN):201807517
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01ROBERT SCHORN PURNELL2012-07-25 ROBERT SCHORN PURNELL2012-07-25
0012011-01-01ROBERT SCHORN PURNELL2012-07-25 ROBERT SCHORN PURNELL2012-07-25
0012010-01-01ROBERT SCHORN PURNELL ROBERT SCHORN PURNELL2011-10-06
0012009-01-01ROBERT SCHORN PURNELL ROBERT SCHORN PURNELL2010-08-02

Plan Statistics for DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN

401k plan membership statisitcs for DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN

Measure Date Value
2010: DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-017
Total number of active participants reported on line 7a of the Form 55002010-01-017
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-017
Number of participants with account balances2010-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-016
Total number of active participants reported on line 7a of the Form 55002009-01-015
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-015
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-015
Number of participants with account balances2009-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN

Measure Date Value
2010 : DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$35,336
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$55,511
Total plan assets at beginning of year2010-12-31$20,175
Total contributions received or receivable from participants2010-12-31$17,085
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$4,712
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$35,336
Net plan assets at end of year (total assets less liabilities)2010-12-31$55,511
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$20,175
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022010-12-31$1,573
Total contributions received or receivable from employer(s)2010-12-31$13,539
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN

2010: DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan benefit arrangement – InsuranceYes
2009: DR. ROBERT SCHORN PURNELL, LLC 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01First time form 5500 has been submittedYes
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number96050
Policy instance 1
Insurance contract or identification number96050
Number of Individuals Covered3
Insurance policy start date2010-02-02
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $58
Total amount of fees paid to insurance companyUSD $6

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