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PARADIGM MEDICAL INDUSTRIES, INC 401(K) 401k Plan overview

Plan NamePARADIGM MEDICAL INDUSTRIES, INC 401(K)
Plan identification number 001

PARADIGM MEDICAL INDUSTRIES, INC 401(K) 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.
  • 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

PARADIGM MEDICAL INDUSTRIES, INC has sponsored the creation of one or more 401k plans.

Company Name:PARADIGM MEDICAL INDUSTRIES, INC
Employer identification number (EIN):870459536
NAIC Classification:326100

Additional information about PARADIGM MEDICAL INDUSTRIES, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2554597

More information about PARADIGM MEDICAL INDUSTRIES, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PARADIGM MEDICAL INDUSTRIES, INC 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01SONGYUN YOU2011-02-11 SONGYUN YOU2011-02-11

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