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EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 401k Plan overview

Plan NameEYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN
Plan identification number 501

EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Life insurance
  • Dental
  • Other welfare benefit cover

401k Sponsoring company profile

EYE ASSOCIATES OF LANCASTER, LTD. has sponsored the creation of one or more 401k plans.

Company Name:EYE ASSOCIATES OF LANCASTER, LTD.
Employer identification number (EIN):231934764
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 ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5012024-01-01JEFF O'DONNELL
5012023-01-01
5012023-01-01JEFF O'DONNELL
5012022-01-01
5012022-01-01JEFF O'DONNELL
5012021-01-01
5012021-01-01TARA BECKER
5012020-10-01
5012019-10-01

Financial Data on EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN

Measure Date Value
2024 : EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2024 401k financial data
Total plan liabilities at end of year2024-01-01$142,826
Total plan liabilities at beginning of year2024-01-01$96,486
Total income from all sources2024-01-01$287,966
Expenses. Total of all expenses incurred2024-01-01$334,088
Benefits paid (including direct rollovers)2024-01-01$193,911
Total plan assets at end of year2024-01-01$23,788
Total plan assets at beginning of year2024-01-01$23,570
Value of fidelity bond covering the plan2024-01-01$500,000
Total contributions received or receivable from participants2024-01-01$55,304
Expenses. Other expenses not covered elsewhere2024-01-01$116,619
Contributions received from other sources (not participants or employers)2024-01-01$11,091
Other income received2024-01-01$705
Net income (gross income less expenses)2024-01-01$-46,122
Net plan assets at end of year (total assets less liabilities)2024-01-01$-119,038
Net plan assets at beginning of year (total assets less liabilities)2024-01-01$-72,916
Total contributions received or receivable from employer(s)2024-01-01$220,866
Value of corrective distributions2024-01-01$23,570
Expenses. Administrative service providers (salaries,fees and commissions)2024-01-01$-12
2023 : EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$96,486
Total plan liabilities at beginning of year2023-12-31$57,146
Total income from all sources2023-12-31$261,187
Expenses. Total of all expenses incurred2023-12-31$307,493
Benefits paid (including direct rollovers)2023-12-31$194,235
Total plan assets at end of year2023-12-31$23,570
Total plan assets at beginning of year2023-12-31$30,536
Value of fidelity bond covering the plan2023-12-31$500,000
Total contributions received or receivable from participants2023-12-31$39,296
Expenses. Other expenses not covered elsewhere2023-12-31$112,124
Contributions received from other sources (not participants or employers)2023-12-31$5,505
Other income received2023-12-31$284
Net income (gross income less expenses)2023-12-31$-46,306
Net plan assets at end of year (total assets less liabilities)2023-12-31$-72,916
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$-26,610
Total contributions received or receivable from employer(s)2023-12-31$216,102
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$1,134
2022 : EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$57,146
Total plan liabilities at beginning of year2022-12-31$16,286
Total income from all sources2022-12-31$225,055
Expenses. Total of all expenses incurred2022-12-31$244,793
Benefits paid (including direct rollovers)2022-12-31$122,728
Total plan assets at end of year2022-12-31$30,536
Total plan assets at beginning of year2022-12-31$9,414
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$51,926
Expenses. Other expenses not covered elsewhere2022-12-31$104,512
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$368
Net income (gross income less expenses)2022-12-31$-19,738
Net plan assets at end of year (total assets less liabilities)2022-12-31$-26,610
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$-6,872
Total contributions received or receivable from employer(s)2022-12-31$172,761
Value of corrective distributions2022-12-31$14,785
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$2,768
2021 : EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$16,286
Total plan liabilities at beginning of year2021-12-31$11,129
Total income from all sources2021-12-31$222,923
Expenses. Total of all expenses incurred2021-12-31$262,525
Benefits paid (including direct rollovers)2021-12-31$129,157
Total plan assets at end of year2021-12-31$9,414
Total plan assets at beginning of year2021-12-31$43,859
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$63,041
Expenses. Other expenses not covered elsewhere2021-12-31$105,624
Other income received2021-12-31$334
Net income (gross income less expenses)2021-12-31$-39,602
Net plan assets at end of year (total assets less liabilities)2021-12-31$-6,872
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$32,730
Total contributions received or receivable from employer(s)2021-12-31$159,548
Value of corrective distributions2021-12-31$20,699
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$7,045
2020 : EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$11,129
Total plan liabilities at beginning of year2020-12-31$9,716
Total income from all sources2020-12-31$50,880
Expenses. Total of all expenses incurred2020-12-31$39,448
Benefits paid (including direct rollovers)2020-12-31$13,627
Total plan assets at end of year2020-12-31$43,859
Total plan assets at beginning of year2020-12-31$31,014
Value of fidelity bond covering the plan2020-12-31$500,000
Total contributions received or receivable from participants2020-12-31$15,542
Expenses. Other expenses not covered elsewhere2020-12-31$23,995
Other income received2020-12-31$111
Net income (gross income less expenses)2020-12-31$11,432
Net plan assets at end of year (total assets less liabilities)2020-12-31$32,730
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$21,298
Total contributions received or receivable from employer(s)2020-12-31$35,227
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$1,826
Total plan liabilities at end of year2020-09-30$9,716
Total plan liabilities at beginning of year2020-09-30$0
Total income from all sources2020-09-30$218,861
Expenses. Total of all expenses incurred2020-09-30$197,563
Benefits paid (including direct rollovers)2020-09-30$85,670
Total plan assets at end of year2020-09-30$31,014
Total plan assets at beginning of year2020-09-30$0
Value of fidelity bond covering the plan2020-09-30$500,000
Total contributions received or receivable from participants2020-09-30$52,062
Expenses. Other expenses not covered elsewhere2020-09-30$101,461
Contributions received from other sources (not participants or employers)2020-09-30$12,254
Other income received2020-09-30$196
Net income (gross income less expenses)2020-09-30$21,298
Net plan assets at end of year (total assets less liabilities)2020-09-30$21,298
Net plan assets at beginning of year (total assets less liabilities)2020-09-30$0
Total contributions received or receivable from employer(s)2020-09-30$154,349
Value of corrective distributions2020-09-30$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-09-30$10,432

Form 5500 Responses for EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN

2023: EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT 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 – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan funding arrangement – General assets of the sponsorYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2023-01-01Plan benefit arrangement – General assets of the sponsorYes
2022: EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan funding arrangement – General assets of the sponsorYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2022-01-01Plan benefit arrangement – General assets of the sponsorYes
2021: EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan funding arrangement – General assets of the sponsorYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2021-01-01Plan benefit arrangement – General assets of the sponsorYes
2020: EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2020 form 5500 responses
2020-10-01Type of plan entitySingle employer plan
2020-10-01Submission has been amendedNo
2020-10-01This submission is the final filingNo
2020-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2020-10-01Plan is a collectively bargained planNo
2020-10-01Plan funding arrangement – InsuranceYes
2020-10-01Plan funding arrangement – TrustYes
2020-10-01Plan funding arrangement – General assets of the sponsorYes
2020-10-01Plan benefit arrangement – InsuranceYes
2020-10-01Plan benefit arrangement - TrustYes
2020-10-01Plan benefit arrangement – General assets of the sponsorYes
2019: EYE ASSOCIATES OF LANCASTER, LTD. EMPLOYEE BENEFIT PLAN 2019 form 5500 responses
2019-10-01Type of plan entitySingle employer plan
2019-10-01First time form 5500 has been submittedYes
2019-10-01Submission has been amendedNo
2019-10-01This submission is the final filingNo
2019-10-01This return/report is a short plan year return/report (less than 12 months)No
2019-10-01Plan is a collectively bargained planNo
2019-10-01Plan funding arrangement – InsuranceYes
2019-10-01Plan funding arrangement – TrustYes
2019-10-01Plan funding arrangement – General assets of the sponsorYes
2019-10-01Plan benefit arrangement – InsuranceYes
2019-10-01Plan benefit arrangement - TrustYes
2019-10-01Plan benefit arrangement – General assets of the sponsorYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number000
Policy instance 5
Insurance contract or identification number000
Number of Individuals Covered39
Insurance policy start date2023-02-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedEAP
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract number727418
Policy instance 4
Insurance contract or identification number727418
Number of Individuals Covered1
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedSUPPLEMENTAL
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $0
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?Yes
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number127331
Policy instance 3
Insurance contract or identification number127331
Number of Individuals Covered31
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $389
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitYes
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Other welfare benefits providedAD&D
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $3,887
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number858833000
Policy instance 2
Insurance contract or identification number858833000
Number of Individuals Covered18
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $1,193
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitYes
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $8,766
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HM LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 93440 )
Policy contract number408399-A
Policy instance 1
Insurance contract or identification number408399-A
Number of Individuals Covered20
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $98,210
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30700030
Policy instance 1
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number858833000
Policy instance 2
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number127331
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberG-399095
Policy instance 4
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number127331
Policy instance 3
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number858833000
Policy instance 2
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30700030
Policy instance 1
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30700030
Policy instance 1
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number858833000
Policy instance 2
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number127331
Policy instance 3
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberG-399095
Policy instance 4
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberG-399095
Policy instance 4
UNUM LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 62235 )
Policy contract number127331
Policy instance 3
UNITED CONCORDIA LIFE AND HEALTH INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 62294 )
Policy contract number858833000
Policy instance 2
EVEREST REINSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 26921 )
Policy contract number30700030
Policy instance 1

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