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NEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameNEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN
Plan identification number 002

NEW HOPE EYE CENTER 401(K) PROFIT SHARING 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.
  • 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

NEW HOPE EYE CENTER has sponsored the creation of one or more 401k plans.

Company Name:NEW HOPE EYE CENTER
Employer identification number (EIN):270462847
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01HYE SUNG CHUNG2024-07-22 HYE SUNG CHUNG2024-07-22
0022022-01-01HYE SUNG CHUNG2023-07-17 HYE SUNG CHUNG2023-07-17
0022021-01-01HYE SUNG CHUNG2022-06-15 HYE SUNG CHUNG2022-06-15
0022020-01-01HYE SUNG CHUNG2021-08-06 HYE SUNG CHUNG2021-08-06
0022019-01-01HYE SUNG CHUNG2020-05-21 HYE SUNG CHUNG2020-05-21
0022018-01-01HYE SUNG CHUNG2019-06-21 HYE SUNG CHUNG2019-06-21
0022017-01-01HYE SUNG CHUNG2018-06-08 HYE SUNG CHUNG2018-06-08
0022016-01-01HAK SUNG CHUNG, MD2017-07-27 HAK SUNG CHUNG, MD2017-07-27
0022015-01-01HAK SUNG CHUNG2016-07-12 HAK SUNG CHUNG2016-07-12

Financial Data on NEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : NEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN 2025 401k financial data
Net assets as of the end of the plan year2025-06-061049784
Total assets as of the beginning of the plan year2025-06-06885363
Value of plan covered by a fidelity bond2025-06-0670000
Participant contributions to plan in this plan year2025-06-0648950
Other income to plan in this plan year2025-06-06110993
Plan net income in this plan year2025-06-06164421
Net assets as of the end of the plan year2025-06-061049784
Net assets as of the beginning of the plan year2025-06-06885363
Employer contributions to plan in this plan year2025-06-064478
2024 : NEW HOPE EYE CENTER 401(K) PROFIT SHARING PLAN 2024 401k financial data
Net assets as of the end of the plan year2024-07-22885363
Total assets as of the beginning of the plan year2024-07-22695454
Value of plan covered by a fidelity bond2024-07-2270000
Participant contributions to plan in this plan year2024-07-2255450
Other income to plan in this plan year2024-07-22124093
Plan net income in this plan year2024-07-22189909
Net assets as of the end of the plan year2024-07-22885363
Net assets as of the beginning of the plan year2024-07-22695454
Employer contributions to plan in this plan year2024-07-2210366

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