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EYE CARE CENTER OF NEWTON 401(K) PLAN 401k Plan overview

Plan NameEYE CARE CENTER OF NEWTON 401(K) PLAN
Plan identification number 001

EYE CARE CENTER OF NEWTON 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
  • 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.
  • 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

EYE CARE CENTER OF NEWTON has sponsored the creation of one or more 401k plans.

Company Name:EYE CARE CENTER OF NEWTON
Employer identification number (EIN):263810928
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EYE CARE CENTER OF NEWTON 401(K) PLAN

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

Plan Statistics for EYE CARE CENTER OF NEWTON 401(K) PLAN

401k plan membership statisitcs for EYE CARE CENTER OF NEWTON 401(K) PLAN

Measure Date Value
2025: EYE CARE CENTER OF NEWTON 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-1120
Total number of particpants at end of year2025-06-1118
Number of Participants With Account Balances2025-06-1118
2024: EYE CARE CENTER OF NEWTON 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2318
Total number of particpants at end of year2024-07-2320
Number of Participants With Account Balances2024-07-2320

Financial Data on EYE CARE CENTER OF NEWTON 401(K) PLAN

Measure Date Value
2025 : EYE CARE CENTER OF NEWTON 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-1122038
Net assets as of the end of the plan year2025-06-11697622
Total assets as of the beginning of the plan year2025-06-11493200
Value of plan covered by a fidelity bond2025-06-11500000
Participant contributions to plan in this plan year2025-06-11117710
Other income to plan in this plan year2025-06-1174968
Plan net income in this plan year2025-06-11204422
Net assets as of the end of the plan year2025-06-11697622
Net assets as of the beginning of the plan year2025-06-11493200
Employer contributions to plan in this plan year2025-06-1133782
Fees paid to broker by Benefit Provider2025-06-11477
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-117592
2024 : EYE CARE CENTER OF NEWTON 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-234404
Net assets as of the end of the plan year2024-07-23493200
Total assets as of the beginning of the plan year2024-07-230
Value of plan covered by a fidelity bond2024-07-23500000
Participant contributions to plan in this plan year2024-07-23111024
Other contributions to plan in this plan year2024-07-23307213
Other income to plan in this plan year2024-07-2349401
Plan net income in this plan year2024-07-23493200
Net assets as of the end of the plan year2024-07-23493200
Net assets as of the beginning of the plan year2024-07-230
Employer contributions to plan in this plan year2024-07-2329966
Fees paid to broker by Benefit Provider2024-07-232021
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-234404

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