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RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 401k Plan overview

Plan NameRETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN
Plan identification number 002

RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • 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).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

RETINA CONSULTANTS OF DELMARVA, P.A. has sponsored the creation of one or more 401k plans.

Company Name:RETINA CONSULTANTS OF DELMARVA, P.A.
Employer identification number (EIN):521862392
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01
0022022-01-01

Plan Statistics for RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN

401k plan membership statisitcs for RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN

Measure Date Value
2025: RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-1524
Total number of particpants at end of year2025-10-1524
2024: RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1126
Total number of particpants at end of year2024-10-1123
2022: RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 2022 401k membership
Market value of plan assets2022-12-310
Acturial value of plan assets2022-12-310
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-310
Number of active participants2022-12-3123
Total funding liabilities for active participants2022-12-310
Total participant count2022-12-3126
Total funding target for all participants2022-12-310
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
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 balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
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 year2022-12-310
Total employer contributions2022-12-31431,905
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 date2022-12-31428,447
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 cost2022-12-31358,177
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-31358,177
Additional cash requirement2022-12-31358,177
Contributions allocatedtoward minimum required contributions for current year2022-12-31428,447
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310

Financial Data on RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN

Measure Date Value
2025 : RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-150
Total liabilities as of the end of the plan year2025-10-150
Total liabilities as of the beginning of the plan year2025-10-150
Total expenses incurred by plan in this plan year2025-10-15160035
Net assets as of the end of the plan year2025-10-151122979
Total assets as of the beginning of the plan year2025-10-15892982
Value of plan covered by a fidelity bond2025-10-151000000
Participant contributions to plan in this plan year2025-10-150
Other expenses paid from plan in this plan year2025-10-150
Other contributions to plan in this plan year2025-10-150
Other income to plan in this plan year2025-10-1576355
Plan net income in this plan year2025-10-15229997
Net assets as of the end of the plan year2025-10-151122979
Net assets as of the beginning of the plan year2025-10-15892982
Employer contributions to plan in this plan year2025-10-15313677
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-154008
2024 : RETINA CONSULTANTS OF DELMARVA CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-110
Total liabilities as of the end of the plan year2024-10-110
Total liabilities as of the beginning of the plan year2024-10-110
Total expenses incurred by plan in this plan year2024-10-112074
Net assets as of the end of the plan year2024-10-11892982
Total assets as of the beginning of the plan year2024-10-11431905
Value of plan covered by a fidelity bond2024-10-111000000
Participant contributions to plan in this plan year2024-10-110
Other expenses paid from plan in this plan year2024-10-110
Other contributions to plan in this plan year2024-10-110
Other income to plan in this plan year2024-10-1176663
Plan net income in this plan year2024-10-11461077
Net assets as of the end of the plan year2024-10-11892982
Net assets as of the beginning of the plan year2024-10-11431905
Employer contributions to plan in this plan year2024-10-11386488
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-111320

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