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EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN 401k Plan overview

Plan NameEYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN
Plan identification number 001

EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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.
  • Life insurance

401k Sponsoring company profile

EYE CARE ASSOCIATES, P.A. has sponsored the creation of one or more 401k plans.

Company Name:EYE CARE ASSOCIATES, P.A.
Employer identification number (EIN):410953373
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRIAN FOUNTAIN2024-08-31 BRIAN FOUNTAIN2024-08-31
0012022-01-01BRIAN FOUNTAIN2023-09-21 BRIAN FOUNTAIN2023-09-21
0012021-01-01AUTUMN ARVIDSON2022-10-07 AUTUMN ARVIDSON2022-10-07
0012020-01-01AUTUMN ARVIDSON2021-02-05 AUTUMN ARVIDSON2021-02-05
0012019-01-01AUTUMN ARVIDSON2020-04-27 AUTUMN ARVIDSON2020-04-27
0012018-01-01AUTUMN ARVIDSON2019-07-16 AUTUMN ARVIDSON2019-07-16
0012017-01-01AUTUMN ARVIDSON2018-08-15 AUTUMN ARVIDSON2018-08-15
0012016-01-01
0012015-01-01
0012015-01-01
0012014-01-01ROBERT WARSHAWSKY2015-10-14 ROBERT WARSHAWSKY2015-10-14
0012014-01-01
0012013-01-01NEAL SHER NEAL SHER2014-10-08
0012012-01-01NEAL SHER2013-09-25 NEAL SHER2013-09-25
0012011-01-01AUTUMN ARVIDSON2012-10-15 AUTUMN ARVIDSON2012-10-15
0012010-01-01NEAL SHER2011-10-17 NEAL SHER2011-10-17

Plan Statistics for EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN

401k plan membership statisitcs for EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN

Measure Date Value
2013: EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0163
Total number of active participants reported on line 7a of the Form 55002013-01-0147
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0121
Total of all active and inactive participants2013-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0168
Number of participants with account balances2013-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010

Financial Data on EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN

Measure Date Value
2013 : EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN 2013 401k financial data
Total plan liabilities at end of year2013-12-31$619
Total plan liabilities at beginning of year2013-12-31$106,000
Total income from all sources2013-12-31$2,448,869
Expenses. Total of all expenses incurred2013-12-31$268,815
Benefits paid (including direct rollovers)2013-12-31$218,143
Total plan assets at end of year2013-12-31$13,639,950
Total plan assets at beginning of year2013-12-31$11,565,277
Total contributions received or receivable from participants2013-12-31$190,469
Other income received2013-12-31$2,055,025
Net income (gross income less expenses)2013-12-31$2,180,054
Net plan assets at end of year (total assets less liabilities)2013-12-31$13,639,331
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$11,459,277
Assets. Value of assets in partnership/joint-venture interests2013-12-31$95,000
Total contributions received or receivable from employer(s)2013-12-31$203,375
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$50,672

Form 5500 Responses for EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN

2013: EYE CARE ASSOCIATES, P.A. PROFIT SHARING AND SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan 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 number18137
Policy instance 1
Insurance contract or identification number18137
Number of Individuals Covered55
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $17,467
Total amount of fees paid to insurance companyUSD $2,207
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $17,467
Insurance broker organization code?3
Amount paid for insurance broker fees2207
Additional information about fees paid to insurance brokerTPA COMPENSATION; OTHER ALLOWANCES
Insurance broker nameTAX SHELTERED COMPENSATION, INC.

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