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INFINITEVT, INC. 401(K) PLAN 401k Plan overview

Plan NameINFINITEVT, INC. 401(K) PLAN
Plan identification number 001

INFINITEVT, INC. 401(K) 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
  • 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.
  • 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

INFINITEVT, INC. has sponsored the creation of one or more 401k plans.

Company Name:INFINITEVT, INC.
Employer identification number (EIN):812723895
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INFINITEVT, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01

Plan Statistics for INFINITEVT, INC. 401(K) PLAN

401k plan membership statisitcs for INFINITEVT, INC. 401(K) PLAN

Measure Date Value
2023: INFINITEVT, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0110
Total number of active participants reported on line 7a of the Form 55002023-01-012
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-014
Total of all active and inactive participants2023-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-016
Number of participants with account balances2023-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: INFINITEVT, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0110
Total number of active participants reported on line 7a of the Form 55002022-01-013
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-017
Total of all active and inactive participants2022-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0110
Number of participants with account balances2022-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: INFINITEVT, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0117
Total number of active participants reported on line 7a of the Form 55002021-01-013
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-017
Total of all active and inactive participants2021-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0110
Number of participants with account balances2021-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011

Financial Data on INFINITEVT, INC. 401(K) PLAN

Measure Date Value
2023 : INFINITEVT, INC. 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$230,597
Expenses. Total of all expenses incurred2023-12-31$10,017
Benefits paid (including direct rollovers)2023-12-31$3,554
Total plan assets at end of year2023-12-31$1,400,353
Total plan assets at beginning of year2023-12-31$1,179,773
Value of fidelity bond covering the plan2023-12-31$150,000
Total contributions received or receivable from participants2023-12-31$21,219
Other income received2023-12-31$207,145
Net income (gross income less expenses)2023-12-31$220,580
Net plan assets at end of year (total assets less liabilities)2023-12-31$1,400,353
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,179,773
Total contributions received or receivable from employer(s)2023-12-31$2,233
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$6,463
2022 : INFINITEVT, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-201,992
Expenses. Total of all expenses incurred2022-12-31$7,942
Total plan assets at end of year2022-12-31$1,179,773
Total plan assets at beginning of year2022-12-31$1,389,707
Value of fidelity bond covering the plan2022-12-31$150,000
Total contributions received or receivable from participants2022-12-31$21,775
Other income received2022-12-31$-226,116
Net income (gross income less expenses)2022-12-31$-209,934
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,179,773
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$1,389,707
Total contributions received or receivable from employer(s)2022-12-31$2,349
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$7,942
2021 : INFINITEVT, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$207,667
Expenses. Total of all expenses incurred2021-12-31$45,505
Benefits paid (including direct rollovers)2021-12-31$40,581
Total plan assets at end of year2021-12-31$1,389,707
Total plan assets at beginning of year2021-12-31$1,227,545
Value of fidelity bond covering the plan2021-12-31$90,000
Total contributions received or receivable from participants2021-12-31$55,881
Other income received2021-12-31$143,791
Net income (gross income less expenses)2021-12-31$162,162
Net plan assets at end of year (total assets less liabilities)2021-12-31$1,389,707
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,227,545
Total contributions received or receivable from employer(s)2021-12-31$7,995
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$4,924
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for INFINITEVT, INC. 401(K) PLAN

2023: INFINITEVT, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: INFINITEVT, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INFINITEVT, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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