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LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN 401k Plan overview

Plan NameLAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN
Plan identification number 001

LAKE NORMAN OPHTHALMOLOGY, PLLC 401K 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.
  • 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.
  • 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

LAKE NORMAN OPHTHALMOLOGY, PLLC has sponsored the creation of one or more 401k plans.

Company Name:LAKE NORMAN OPHTHALMOLOGY, PLLC
Employer identification number (EIN):300226531
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Additional information about LAKE NORMAN OPHTHALMOLOGY, PLLC

Jurisdiction of Incorporation: North Carolina Secretary of State
Incorporation Date:
Company Identification Number: 0713419

More information about LAKE NORMAN OPHTHALMOLOGY, PLLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TUSHAR PATEL2024-07-25
0012022-01-01TUSHAR PATEL2023-07-18
0012021-01-01TUSHAR PATEL2022-05-03
0012020-01-01TUSHAR PATEL2021-06-03
0012019-01-01TUSHAR PATEL2020-07-17
0012018-01-01TUSHAR PATEL2019-05-08
0012017-01-01TUSHAR PATEL2018-07-10
0012016-01-01TUSHAR PATEL2017-10-05
0012015-01-01TUSHAR PATEL2016-10-04
0012014-01-01TUSHAR PATEL2015-10-14
0012013-01-01TUSHAR PATEL2014-10-14
0012012-01-01TUSHAR PATEL2013-09-19
0012011-01-01TUSHAR PATEL2012-10-10
0012010-01-01TUSHAR PATEL2011-09-08

Financial Data on LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN

Measure Date Value
2025 : LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-1514777
Net assets as of the end of the plan year2025-05-152575286
Total assets as of the beginning of the plan year2025-05-152300215
Value of plan covered by a fidelity bond2025-05-15350000
Participant contributions to plan in this plan year2025-05-1581304
Value of participant loans at end of plan year2025-05-1514454
Other income to plan in this plan year2025-05-15165697
Plan net income in this plan year2025-05-15275071
Net assets as of the end of the plan year2025-05-152575286
Net assets as of the beginning of the plan year2025-05-152300215
Employer contributions to plan in this plan year2025-05-1542847
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-1514777
2024 : LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-2544572
Net assets as of the end of the plan year2024-07-252300215
Total assets as of the beginning of the plan year2024-07-252009541
Value of plan covered by a fidelity bond2024-07-25350000
Participant contributions to plan in this plan year2024-07-2585057
Value of participant loans at end of plan year2024-07-2521670
Other income to plan in this plan year2024-07-25210264
Plan net income in this plan year2024-07-25290674
Net assets as of the end of the plan year2024-07-252300215
Net assets as of the beginning of the plan year2024-07-252009541
Employer contributions to plan in this plan year2024-07-2539925
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-2513433
2022 : LAKE NORMAN OPHTHALMOLOGY, PLLC 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-0351480
Net assets as of the end of the plan year2022-05-032154527
Total assets as of the beginning of the plan year2022-05-031932662
Value of plan covered by a fidelity bond2022-05-03350000
Participant contributions to plan in this plan year2022-05-0371016
Value of participant loans at end of plan year2022-05-0317937
Other income to plan in this plan year2022-05-03170286
Plan net income in this plan year2022-05-03221865
Net assets as of the end of the plan year2022-05-032154527
Net assets as of the beginning of the plan year2022-05-031932662
Employer contributions to plan in this plan year2022-05-0332043
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-0312813

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