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RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 401k Plan overview

Plan NameRETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C.
Plan identification number 001

RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

RAYMUND V. FAVIS, D.D.S., P.C. has sponsored the creation of one or more 401k plans.

Company Name:RAYMUND V. FAVIS, D.D.S., P.C.
Employer identification number (EIN):311710629
NAIC Classification:621210
NAIC Description:Offices of Dentists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01STEVEN STOUT2024-08-20
0012022-01-01STEVEN STOUT2023-07-24
0012021-01-01STEVEN STOUT2022-07-26
0012020-01-01LISA FAVIS2021-09-30
0012019-01-01LISA FAVIS2020-04-20
0012018-01-01LISA FAVIS2019-05-29
0012017-01-01LISA FAVIS2018-06-27
0012016-01-01LISA FAVIS2017-07-17
0012014-01-01LISA FAVIS2015-10-09
0012013-01-01LISA FAVIS2014-09-22

Plan Statistics for RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C.

401k plan membership statisitcs for RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C.

Measure Date Value
2025: RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2025 401k membership
Total number of particpants at beginning of year2025-07-2810
Total number of particpants at end of year2025-07-289
Number of Participants With Account Balances2025-07-289
2024: RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2024 401k membership
Total number of particpants at beginning of year2024-08-209
Total number of particpants at end of year2024-08-209
Number of Participants With Account Balances2024-08-209
2022: RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2022 401k membership
Total number of particpants at beginning of year2022-07-264
Total number of particpants at end of year2022-07-266
Number of Participants With Account Balances2022-07-265

Financial Data on RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C.

Measure Date Value
2025 : RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-280
Total liabilities as of the end of the plan year2025-07-28269
Total liabilities as of the beginning of the plan year2025-07-280
Total expenses incurred by plan in this plan year2025-07-2838952
Net assets as of the end of the plan year2025-07-283110666
Total assets as of the beginning of the plan year2025-07-282560421
Value of plan covered by a fidelity bond2025-07-28500000
Participant contributions to plan in this plan year2025-07-28103353
Value of participant loans at end of plan year2025-07-28177
Other expenses paid from plan in this plan year2025-07-280
Other contributions to plan in this plan year2025-07-28101411
Other income to plan in this plan year2025-07-28292959
Plan net income in this plan year2025-07-28549976
Net assets as of the end of the plan year2025-07-283110397
Net assets as of the beginning of the plan year2025-07-282560421
Value of contributions failed to transmitted timely2025-07-283623
Employer contributions to plan in this plan year2025-07-2891205
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2838531
2024 : RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-200
Total liabilities as of the end of the plan year2024-08-200
Total liabilities as of the beginning of the plan year2024-08-200
Total expenses incurred by plan in this plan year2024-08-2032597
Net assets as of the end of the plan year2024-08-202560421
Total assets as of the beginning of the plan year2024-08-202120605
Value of plan covered by a fidelity bond2024-08-20500000
Participant contributions to plan in this plan year2024-08-2086346
Value of participant loans at end of plan year2024-08-204363
Other expenses paid from plan in this plan year2024-08-200
Other contributions to plan in this plan year2024-08-200
Other income to plan in this plan year2024-08-20307598
Plan net income in this plan year2024-08-20439816
Net assets as of the end of the plan year2024-08-202560421
Net assets as of the beginning of the plan year2024-08-202120605
Employer contributions to plan in this plan year2024-08-2078469
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-2032597
2022 : RETIREMENT INCOME SECURITY PLAN-RAYMUND V. FAVIS, D.D.S., P.C. 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-260
Total liabilities as of the end of the plan year2022-07-260
Total liabilities as of the beginning of the plan year2022-07-260
Total expenses incurred by plan in this plan year2022-07-266242
Net assets as of the end of the plan year2022-07-262381369
Total assets as of the beginning of the plan year2022-07-262087435
Value of plan covered by a fidelity bond2022-07-26500000
Participant contributions to plan in this plan year2022-07-2680573
Value of participant loans at end of plan year2022-07-2612330
Other expenses paid from plan in this plan year2022-07-260
Other contributions to plan in this plan year2022-07-260
Other income to plan in this plan year2022-07-26205228
Plan net income in this plan year2022-07-26293934
Net assets as of the end of the plan year2022-07-262381369
Net assets as of the beginning of the plan year2022-07-262087435
Value of contributions failed to transmitted timely2022-07-260
Employer contributions to plan in this plan year2022-07-2614375
Fees paid to broker by Benefit Provider2022-07-260
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-266242

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