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DRAKE & ASSOCIATES, OPTOMETRISTS, P.A. EMPLOYEES' PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameDRAKE & ASSOCIATES, OPTOMETRISTS, P.A. EMPLOYEES' PROFIT SHARING PLAN AND TRUST
Plan identification number 001

DRAKE & ASSOCIATES, OPTOMETRISTS, P.A. EMPLOYEES' PROFIT SHARING PLAN AND TRUST 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.
  • 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DRAKE & ASSOCIATES, OPTOMETRISTS, P.A. has sponsored the creation of one or more 401k plans.

Company Name:DRAKE & ASSOCIATES, OPTOMETRISTS, P.A.
Employer identification number (EIN):421731142
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRAKE & ASSOCIATES, OPTOMETRISTS, P.A. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01SCOTT DRAKE2021-10-04
0012019-01-01SCOTT DRAKE2020-09-14
0012018-01-01SCOTT DRAKE2019-09-30
0012017-01-01SCOTT DRAKE2018-07-14

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