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VISION PRECISION HOLDINGS 401K PLAN 401k Plan overview

Plan NameVISION PRECISION HOLDINGS 401K PLAN
Plan identification number 001

VISION PRECISION HOLDINGS 401K PLAN 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

VISION PRECISION HOLDINGS DBA STANTON OPTICAL has sponsored the creation of one or more 401k plans.

Company Name:VISION PRECISION HOLDINGS DBA STANTON OPTICAL
Employer identification number (EIN):263255439
NAIC Classification:446130
NAIC Description:Optical Goods Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VISION PRECISION HOLDINGS 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01STEPHANIE SORENSEN STEPHANIE SORENSEN2018-09-24
0012016-01-01STEPHANIE SORENSEN

Plan Statistics for VISION PRECISION HOLDINGS 401K PLAN

401k plan membership statisitcs for VISION PRECISION HOLDINGS 401K PLAN

Measure Date Value
2019: VISION PRECISION HOLDINGS 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,394
Total number of active participants reported on line 7a of the Form 55002019-01-011,024
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01313
Total of all active and inactive participants2019-01-011,337
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-011,337
Number of participants with account balances2019-01-011,157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: VISION PRECISION HOLDINGS 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,101
Total number of active participants reported on line 7a of the Form 55002018-01-01908
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01470
Total of all active and inactive participants2018-01-011,378
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-011,378
Number of participants with account balances2018-01-011,174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: VISION PRECISION HOLDINGS 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01856
Total number of active participants reported on line 7a of the Form 55002017-01-01714
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01291
Total of all active and inactive participants2017-01-011,005
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011,005
Number of participants with account balances2017-01-01843
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: VISION PRECISION HOLDINGS 401K PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01592
Total number of active participants reported on line 7a of the Form 55002016-01-01554
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01252
Total of all active and inactive participants2016-01-01806
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01806
Number of participants with account balances2016-01-01668
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on VISION PRECISION HOLDINGS 401K PLAN

Measure Date Value
2019 : VISION PRECISION HOLDINGS 401K PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total transfer of assets from this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$2,235,354
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$934,775
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$867,857
Expenses. Certain deemed distributions of participant loans2019-12-31$16,838
Value of total corrective distributions2019-12-31$2,551
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,717,784
Value of total assets at end of year2019-12-31$3,185,590
Value of total assets at beginning of year2019-12-31$1,885,011
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$47,529
Total interest from all sources2019-12-31$5,990
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$195,770
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$195,770
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$189,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$1,697,727
Participant contributions at end of year2019-12-31$103,877
Participant contributions at beginning of year2019-12-31$48,140
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$20,057
Other income not declared elsewhere2019-12-31$14,730
Administrative expenses (other) incurred2019-12-31$47,529
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,300,579
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,185,590
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$1,885,011
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$2,831,472
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$1,709,562
Interest on participant loans2019-12-31$5,990
Value of interest in common/collective trusts at end of year2019-12-31$250,241
Value of interest in common/collective trusts at beginning of year2019-12-31$127,309
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$261,111
Net investment gain or loss from common/collective trusts2019-12-31$39,969
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$867,857
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31SMITH BUZZI & ASSOCIATES, LLC
Accountancy firm EIN2019-12-31800631935
2018 : VISION PRECISION HOLDINGS 401K PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total transfer of assets from this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$1,073,574
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$591,202
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$581,440
Expenses. Certain deemed distributions of participant loans2018-12-31$9,762
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,260,139
Value of total assets at end of year2018-12-31$1,885,011
Value of total assets at beginning of year2018-12-31$1,402,639
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$0
Total interest from all sources2018-12-31$2,380
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$77,683
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$77,683
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$141,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,248,234
Participant contributions at end of year2018-12-31$48,140
Participant contributions at beginning of year2018-12-31$52,093
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$11,905
Other income not declared elsewhere2018-12-31$2,182
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$482,372
Value of net assets at end of year (total assets less liabilities)2018-12-31$1,885,011
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$1,402,639
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$1,709,562
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$1,299,492
Interest on participant loans2018-12-31$2,380
Value of interest in common/collective trusts at end of year2018-12-31$127,309
Value of interest in common/collective trusts at beginning of year2018-12-31$51,054
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-256,419
Net investment gain or loss from common/collective trusts2018-12-31$-12,391
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$581,440
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31SMITH BUZZI & ASSOCIATES, LLC
Accountancy firm EIN2018-12-31800631935
2017 : VISION PRECISION HOLDINGS 401K PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total transfer of assets from this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,189,741
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$322,406
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$291,478
Value of total corrective distributions2017-12-31$12,747
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,014,578
Value of total assets at end of year2017-12-31$1,402,639
Value of total assets at beginning of year2017-12-31$535,304
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$18,181
Total interest from all sources2017-12-31$1,274
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$42,410
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$42,410
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$54,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$976,512
Participant contributions at end of year2017-12-31$52,093
Participant contributions at beginning of year2017-12-31$18,589
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$38,066
Administrative expenses (other) incurred2017-12-31$18,181
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$867,335
Value of net assets at end of year (total assets less liabilities)2017-12-31$1,402,639
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$535,304
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$1,299,492
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$500,995
Interest on participant loans2017-12-31$1,274
Value of interest in common/collective trusts at end of year2017-12-31$51,054
Value of interest in common/collective trusts at beginning of year2017-12-31$15,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$126,763
Net investment gain or loss from common/collective trusts2017-12-31$4,716
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$291,478
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31SMITH BUZZI & ASSOCIATES, LLC
Accountancy firm EIN2017-12-31800631935
2016 : VISION PRECISION HOLDINGS 401K PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$564,096
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$28,792
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$24,844
Value of total corrective distributions2016-12-31$179
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$545,313
Value of total assets at end of year2016-12-31$535,304
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$3,769
Total interest from all sources2016-12-31$32
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$11,159
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$11,159
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$520,428
Participant contributions at end of year2016-12-31$18,589
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$24,885
Administrative expenses (other) incurred2016-12-31$3,769
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$535,304
Value of net assets at end of year (total assets less liabilities)2016-12-31$535,304
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$500,995
Interest on participant loans2016-12-31$32
Value of interest in common/collective trusts at end of year2016-12-31$15,720
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$6,289
Net investment gain or loss from common/collective trusts2016-12-31$1,303
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$24,844
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MAYER HOFFMAN MCCANN
Accountancy firm EIN2016-12-31431947695

Form 5500 Responses for VISION PRECISION HOLDINGS 401K PLAN

2019: VISION PRECISION HOLDINGS 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedYes
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: VISION PRECISION HOLDINGS 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: VISION PRECISION HOLDINGS 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: VISION PRECISION HOLDINGS 401K PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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