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THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 401k Plan overview

Plan NameTHE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST
Plan identification number 003

THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • Plan covering Self-Employed individuals.
  • 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

THE CENTER FOR EYE EXCELLENCE, LLC has sponsored the creation of one or more 401k plans.

Company Name:THE CENTER FOR EYE EXCELLENCE, LLC
Employer identification number (EIN):043379746
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01JOHN J. PAPALE2023-10-06 JOHN J. PAPALE2023-10-06
0032021-01-01JOHN J. PAPALE2022-09-13
0032020-01-01JOHN J. PAPALE2021-07-20
0032019-01-01JOHN J. PAPALE2020-06-29
0032018-01-01JOHN J. PAPALE2019-10-11
0032017-01-01JOHN J. PAPALE2018-10-03
0032016-01-01JOHN J. PAPALE2017-10-03
0032015-01-01JOHN J. PAPALE2016-09-06

Plan Statistics for THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

401k plan membership statisitcs for THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST

Measure Date Value
2022: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-312,262,321
Acturial value of plan assets2022-12-312,262,321
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-3123,895
Active participant vested funding target2022-12-312,402,690
Number of active participants2022-12-3111
Total funding liabilities for active participants2022-12-312,402,690
Total participant count2022-12-3113
Total funding target for all participants2022-12-312,426,585
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3162,425
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3164,766
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-31350,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31316,028
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31152,916
Net shortfall amortization installment of oustanding balance2022-12-31164,264
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31187,697
Additional cash requirement2022-12-31187,697
Contributions allocatedtoward minimum required contributions for current year2022-12-31316,028
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-311,826,785
Acturial value of plan assets2021-12-311,826,785
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-3126,229
Active participant vested funding target2021-12-311,968,405
Number of active participants2021-12-319
Total funding liabilities for active participants2021-12-311,968,405
Total participant count2021-12-3112
Total funding target for all participants2021-12-311,994,634
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3130,528
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3130,528
Present value of excess contributions2021-12-319,197
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-319,591
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-3131,313
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-31450,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31409,830
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31312,669
Net shortfall amortization installment of oustanding balance2021-12-31167,849
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-31347,405
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-31347,405
Contributions allocatedtoward minimum required contributions for current year2021-12-31409,830
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-311,407,984
Acturial value of plan assets2020-12-311,407,984
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-311
Fundng target for terminated vested participants2020-12-31177
Active participant vested funding target2020-12-311,559,458
Number of active participants2020-12-3111
Total funding liabilities for active participants2020-12-311,560,279
Total participant count2020-12-3112
Total funding target for all participants2020-12-311,560,456
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-318,331
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-318,331
Present value of excess contributions2020-12-3120,830
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3121,880
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-3121,880
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3130,528
Total employer contributions2020-12-31390,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31355,809
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31312,833
Net shortfall amortization installment of oustanding balance2020-12-31183,000
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-31346,612
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-31346,612
Contributions allocatedtoward minimum required contributions for current year2020-12-31355,809
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-311,016,473
Acturial value of plan assets2019-12-311,016,473
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-312
Fundng target for terminated vested participants2019-12-31110
Active participant vested funding target2019-12-311,136,066
Number of active participants2019-12-3111
Total funding liabilities for active participants2019-12-311,136,646
Total participant count2019-12-3113
Total funding target for all participants2019-12-311,136,756
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-315,440
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-315,440
Present value of excess contributions2019-12-312,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-312,792
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-312,792
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-318,331
Total employer contributions2019-12-31350,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31327,968
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31284,844
Net shortfall amortization installment of oustanding balance2019-12-31128,614
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31307,138
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31307,138
Contributions allocatedtoward minimum required contributions for current year2019-12-31327,968
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-31707,938
Acturial value of plan assets2018-12-31707,938
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-312
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31774,123
Number of active participants2018-12-3113
Total funding liabilities for active participants2018-12-31774,429
Total participant count2018-12-3115
Total funding target for all participants2018-12-31774,429
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-312,407
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-312,407
Present value of excess contributions2018-12-312,860
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-313,021
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-313,021
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-315,440
Total employer contributions2018-12-31300,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31273,676
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31259,281
Net shortfall amortization installment of oustanding balance2018-12-3171,931
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31271,024
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31271,024
Contributions allocatedtoward minimum required contributions for current year2018-12-31273,676
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-31463,744
Acturial value of plan assets2017-12-31463,744
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-316
Fundng target for terminated vested participants2017-12-317,616
Active participant vested funding target2017-12-31451,646
Number of active participants2017-12-3113
Total funding liabilities for active participants2017-12-31451,646
Total participant count2017-12-3119
Total funding target for all participants2017-12-31459,262
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3132,561
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3132,561
Present value of excess contributions2017-12-31566
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31601
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-31601
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-3130,000
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-312,407
Total employer contributions2017-12-31250,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31227,198
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31226,413
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31224,338
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31224,338
Contributions allocatedtoward minimum required contributions for current year2017-12-31227,198
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE CENTER FOR EYE EXCELLENCE, LLC DEFINED BENEFIT PENSION PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-31240,931
Acturial value of plan assets2016-12-31240,931
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-317
Fundng target for terminated vested participants2016-12-317,278
Active participant vested funding target2016-12-31200,752
Number of active participants2016-12-3112
Total funding liabilities for active participants2016-12-31200,752
Total participant count2016-12-3119
Total funding target for all participants2016-12-31208,030
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31195,186
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31207,561
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-31207,561
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-31175,000
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3132,561
Total employer contributions2016-12-31225,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31202,331
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31202,105
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31201,765
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31201,765
Contributions allocatedtoward minimum required contributions for current year2016-12-31202,331
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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