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SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 401k Plan overview

Plan NameSOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN
Plan identification number 002

SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 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

SOUTHWEST MICHIGAN EYE CENTER, PLC has sponsored the creation of one or more 401k plans.

Company Name:SOUTHWEST MICHIGAN EYE CENTER, PLC
Employer identification number (EIN):383224959
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01PETER JEFFREY COLQUHOUN
0022017-01-01PETER JEFFREY COLQUHOUN
0022016-01-01PETER JEFFREY COLQUHOUN
0022015-01-01LAURA EKHOFF
0022014-01-01CHERYL SMITH
0022013-01-01CHERYL SMITH
0022012-01-01CHERYL SMITH
0022011-01-01CHERYL SMITH2012-07-17 CHERYL SMITH2012-07-17
0022010-01-01CHERYL SMITH2011-07-25 CHERYL SMITH2011-07-25

Plan Statistics for SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN

401k plan membership statisitcs for SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN

Measure Date Value
2018: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-018
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0133
Total number of active participants reported on line 7a of the Form 55002017-01-011
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-017
Total of all active and inactive participants2017-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-018
Number of participants with account balances2017-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0130
Total number of active participants reported on line 7a of the Form 55002016-01-0122
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0133
Number of participants with account balances2016-01-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0133
Total number of active participants reported on line 7a of the Form 55002015-01-0126
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0130
Number of participants with account balances2015-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0131
Total number of active participants reported on line 7a of the Form 55002014-01-0130
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-013
Total of all active and inactive participants2014-01-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0133
Number of participants with account balances2014-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0132
Total number of active participants reported on line 7a of the Form 55002013-01-0129
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-012
Total of all active and inactive participants2013-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0131
Number of participants with account balances2013-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0134
Total number of active participants reported on line 7a of the Form 55002012-01-0128
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-014
Total of all active and inactive participants2012-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0132
Number of participants with account balances2012-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN

Measure Date Value
2018 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-06-01$0
Total plan liabilities at end of year2018-06-01$0
Total plan liabilities at beginning of year2018-06-01$0
Total income from all sources2018-06-01$265,507
Expenses. Total of all expenses incurred2018-06-01$7,404,687
Benefits paid (including direct rollovers)2018-06-01$7,401,241
Total plan assets at end of year2018-06-01$0
Total plan assets at beginning of year2018-06-01$7,139,180
Value of fidelity bond covering the plan2018-06-01$610,000
Total contributions received or receivable from participants2018-06-01$0
Expenses. Other expenses not covered elsewhere2018-06-01$0
Contributions received from other sources (not participants or employers)2018-06-01$0
Other income received2018-06-01$148,588
Noncash contributions received2018-06-01$0
Net income (gross income less expenses)2018-06-01$-7,139,180
Net plan assets at end of year (total assets less liabilities)2018-06-01$0
Net plan assets at beginning of year (total assets less liabilities)2018-06-01$7,139,180
Assets. Value of participant loans2018-06-01$0
Total contributions received or receivable from employer(s)2018-06-01$116,919
Value of certain deemed distributions of participant loans2018-06-01$1,633
Value of corrective distributions2018-06-01$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-06-01$1,813
2017 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$933,234
Expenses. Total of all expenses incurred2017-12-31$409,652
Benefits paid (including direct rollovers)2017-12-31$409,383
Total plan assets at end of year2017-12-31$7,139,180
Total plan assets at beginning of year2017-12-31$6,615,598
Value of fidelity bond covering the plan2017-12-31$610,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$64,224
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$826,548
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$523,582
Net plan assets at end of year (total assets less liabilities)2017-12-31$7,139,180
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$6,615,598
Assets. Value of participant loans2017-12-31$5,524
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$42,462
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$269
2016 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$519,685
Expenses. Total of all expenses incurred2016-12-31$653,778
Benefits paid (including direct rollovers)2016-12-31$639,408
Total plan assets at end of year2016-12-31$6,615,598
Total plan assets at beginning of year2016-12-31$6,749,691
Value of fidelity bond covering the plan2016-12-31$610,000
Total contributions received or receivable from participants2016-12-31$123,691
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$353,153
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$-134,093
Net plan assets at end of year (total assets less liabilities)2016-12-31$6,615,598
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$6,749,691
Assets. Value of participant loans2016-12-31$938
Total contributions received or receivable from employer(s)2016-12-31$42,841
Value of certain deemed distributions of participant loans2016-12-31$14,195
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$175
2015 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$91,680
Expenses. Total of all expenses incurred2015-12-31$45,312
Benefits paid (including direct rollovers)2015-12-31$45,224
Total plan assets at end of year2015-12-31$6,749,691
Total plan assets at beginning of year2015-12-31$6,703,323
Value of fidelity bond covering the plan2015-12-31$610,000
Total contributions received or receivable from participants2015-12-31$95,855
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-52,666
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$46,368
Net plan assets at end of year (total assets less liabilities)2015-12-31$6,749,691
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$6,703,323
Assets. Value of participant loans2015-12-31$7,914
Total contributions received or receivable from employer(s)2015-12-31$48,491
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$88
2014 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$617,357
Expenses. Total of all expenses incurred2014-12-31$43,353
Benefits paid (including direct rollovers)2014-12-31$39,452
Total plan assets at end of year2014-12-31$6,703,323
Total plan assets at beginning of year2014-12-31$6,129,319
Value of fidelity bond covering the plan2014-12-31$610,000
Total contributions received or receivable from participants2014-12-31$119,184
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$398,168
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$574,004
Net plan assets at end of year (total assets less liabilities)2014-12-31$6,703,323
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$6,129,319
Assets. Value of participant loans2014-12-31$17,522
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022014-12-31$0
Total contributions received or receivable from employer(s)2014-12-31$100,005
Value of certain deemed distributions of participant loans2014-12-31$3,695
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$206
2013 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$1,110,812
Expenses. Total of all expenses incurred2013-12-31$88,831
Benefits paid (including direct rollovers)2013-12-31$88,556
Total plan assets at end of year2013-12-31$6,129,319
Total plan assets at beginning of year2013-12-31$5,107,338
Value of fidelity bond covering the plan2013-12-31$350,000
Total contributions received or receivable from participants2013-12-31$117,146
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$921,630
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$1,021,981
Net plan assets at end of year (total assets less liabilities)2013-12-31$6,129,319
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$5,107,338
Assets. Value of participant loans2013-12-31$20,825
Total contributions received or receivable from employer(s)2013-12-31$72,036
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$275
2012 : SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$807,473
Expenses. Total of all expenses incurred2012-12-31$68,354
Benefits paid (including direct rollovers)2012-12-31$40,281
Total plan assets at end of year2012-12-31$5,107,338
Total plan assets at beginning of year2012-12-31$4,368,219
Value of fidelity bond covering the plan2012-12-31$350,000
Total contributions received or receivable from participants2012-12-31$114,490
Other income received2012-12-31$554,895
Net income (gross income less expenses)2012-12-31$739,119
Net plan assets at end of year (total assets less liabilities)2012-12-31$5,107,338
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$4,368,219
Assets. Value of participant loans2012-12-31$6,828
Total contributions received or receivable from employer(s)2012-12-31$138,088
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$28,073

Form 5500 Responses for SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN

2018: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: SOUTHWEST MICHIGAN EYE CENTER EMPLOYEES' 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number449701
Policy instance 1

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