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EYE SURGERY CONSULTANTS, INC. PENSION PLAN 401k Plan overview

Plan NameEYE SURGERY CONSULTANTS, INC. PENSION PLAN
Plan identification number 002

EYE SURGERY CONSULTANTS, INC. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

EYE SURGERY CONSULTANTS, INC. DBA REVISION has sponsored the creation of one or more 401k plans.

Company Name:EYE SURGERY CONSULTANTS, INC. DBA REVISION
Employer identification number (EIN):311488841
NAIC Classification:621491
NAIC Description:HMO Medical Centers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EYE SURGERY CONSULTANTS, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01DOUGLAS SCHUMER2022-10-05
0022020-01-01DOUGLAS SCHUMER2021-09-01
0022019-01-01DOUGLAS SCHUMER2020-10-06
0022018-01-01DOUGLAS SCHUMER2019-10-04
0022017-01-01DOUGLAS SCHUMER2018-09-19
0022016-01-01DOUGLAS SCHUMER2017-09-27
0022015-01-01DOUGLAS SCHUMER2016-09-29
0022014-01-01DOUGLAS SCHUMER2015-10-05
0022013-01-01DOUGLAS SCHUMER2014-10-08
0022012-01-01DOUGLAS SCHUMER2013-10-09
0022011-01-01DOUGLAS SCHUMER2012-09-10
0022010-01-01JAMES SCHUMER2011-10-03

Plan Statistics for EYE SURGERY CONSULTANTS, INC. PENSION PLAN

401k plan membership statisitcs for EYE SURGERY CONSULTANTS, INC. PENSION PLAN

Measure Date Value
2022: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,670,472
Acturial value of plan assets2022-12-312,670,472
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3112
Fundng target for terminated vested participants2022-12-3141,203
Active participant vested funding target2022-12-312,664,203
Number of active participants2022-12-3121
Total funding liabilities for active participants2022-12-312,664,203
Total participant count2022-12-3133
Total funding target for all participants2022-12-312,705,406
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3190,159
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3190,159
Present value of excess contributions2022-12-3138,513
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3138,513
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3198,282
Total employer contributions2022-12-31355,690
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31345,157
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3129,447
Net shortfall amortization installment of oustanding balance2022-12-31138,061
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-3142,205
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-3142,205
Contributions allocatedtoward minimum required contributions for current year2022-12-31345,157
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,804,634
Acturial value of plan assets2021-12-312,804,634
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-317
Fundng target for terminated vested participants2021-12-3127,810
Active participant vested funding target2021-12-312,366,299
Number of active participants2021-12-3120
Total funding liabilities for active participants2021-12-312,366,299
Total participant count2021-12-3127
Total funding target for all participants2021-12-312,394,109
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3184,498
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3184,498
Present value of excess contributions2021-12-3193,967
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3193,967
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3190,159
Total employer contributions2021-12-3139,840
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-3138,513
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3125,209
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-3138,513
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,482,680
Acturial value of plan assets2020-12-312,482,680
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-317
Fundng target for terminated vested participants2020-12-3123,171
Active participant vested funding target2020-12-312,199,037
Number of active participants2020-12-3117
Total funding liabilities for active participants2020-12-312,199,037
Total participant count2020-12-3124
Total funding target for all participants2020-12-312,222,208
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3177,685
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3177,685
Present value of excess contributions2020-12-3166,676
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3166,676
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3184,498
Total employer contributions2020-12-3196,951
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3193,967
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3118,158
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-3193,967
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,284,702
Acturial value of plan assets2019-12-312,284,702
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-319
Fundng target for terminated vested participants2019-12-3131,700
Active participant vested funding target2019-12-311,959,186
Number of active participants2019-12-3118
Total funding liabilities for active participants2019-12-311,959,186
Total participant count2019-12-3127
Total funding target for all participants2019-12-311,990,886
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31105,683
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-3125,809
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3179,874
Present value of excess contributions2019-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3177,685
Total employer contributions2019-12-3168,705
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3166,676
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3175,414
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-3166,676
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,019,313
Acturial value of plan assets2018-12-312,019,313
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-317
Fundng target for terminated vested participants2018-12-3124,245
Active participant vested funding target2018-12-311,838,750
Number of active participants2018-12-3124
Total funding liabilities for active participants2018-12-311,868,159
Total participant count2018-12-3131
Total funding target for all participants2018-12-311,892,404
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3187,262
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3187,262
Present value of excess contributions2018-12-31145,598
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31145,598
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-31105,683
Total employer contributions2018-12-31114,149
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31111,060
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31154,692
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31137,968
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-3126,908
Additional cash requirement2018-12-31111,060
Contributions allocatedtoward minimum required contributions for current year2018-12-31111,060
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,952,756
Acturial value of plan assets2017-12-311,952,756
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-318
Fundng target for terminated vested participants2017-12-3126,978
Active participant vested funding target2017-12-311,455,856
Number of active participants2017-12-3119
Total funding liabilities for active participants2017-12-311,493,756
Total participant count2017-12-3127
Total funding target for all participants2017-12-311,520,734
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3194,614
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3194,614
Present value of excess contributions2017-12-3171,459
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3171,459
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3187,262
Total employer contributions2017-12-31151,073
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31145,598
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31136,606
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31145,598
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: EYE SURGERY CONSULTANTS, INC. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,414,463
Acturial value of plan assets2016-12-311,414,463
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-319,387
Active participant vested funding target2016-12-311,349,737
Number of active participants2016-12-3129
Total funding liabilities for active participants2016-12-311,354,852
Total participant count2016-12-3132
Total funding target for all participants2016-12-311,364,239
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3198,188
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3198,188
Present value of excess contributions2016-12-31130,986
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31130,986
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3194,614
Total employer contributions2016-12-31200,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31203,691
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31132,232
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31132,232
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31132,232
Contributions allocatedtoward minimum required contributions for current year2016-12-31203,691
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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