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WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameWESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WESTERN STATES OPTICAL, INC. has sponsored the creation of one or more 401k plans.

Company Name:WESTERN STATES OPTICAL, INC.
Employer identification number (EIN):843338922
NAIC Classification:446130
NAIC Description:Optical Goods Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01ROBERT LEE WALTERS
0012023-01-01
0012023-01-01ROBERT LEE WALTERS
0012022-01-01
0012022-01-01ROBERT LEE WALTERS
0012021-01-01
0012021-01-01ROBERT LEE WALTERS
0012020-01-01
0012019-10-11

Financial Data on WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$24,950
Expenses. Total of all expenses incurred2023-12-31$0
Benefits paid (including direct rollovers)2023-12-31$0
Total plan assets at end of year2023-12-31$141,095
Total plan assets at beginning of year2023-12-31$116,145
Total contributions received or receivable from participants2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$24,950
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$24,950
Net plan assets at end of year (total assets less liabilities)2023-12-31$141,095
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$116,145
Assets. Value of employer securities2023-12-31$140,100
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$0
2022 : WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$19,473
Expenses. Total of all expenses incurred2022-12-31$25
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$116,145
Total plan assets at beginning of year2022-12-31$96,697
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$25
Contributions received from other sources (not participants or employers)2022-12-31$100,000
Other income received2022-12-31$-80,527
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$19,448
Net plan assets at end of year (total assets less liabilities)2022-12-31$116,145
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$96,697
Assets. Value of employer securities2022-12-31$115,270
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$-171,276
Expenses. Total of all expenses incurred2021-12-31$25
Benefits paid (including direct rollovers)2021-12-31$0
Total plan assets at end of year2021-12-31$96,697
Total plan assets at beginning of year2021-12-31$267,998
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$25
Contributions received from other sources (not participants or employers)2021-12-31$75,000
Other income received2021-12-31$-246,276
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-171,301
Net plan assets at end of year (total assets less liabilities)2021-12-31$96,697
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$267,998
Assets. Value of employer securities2021-12-31$95,731
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$0
2020 : WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$-31,992
Expenses. Total of all expenses incurred2020-12-31$0
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$267,998
Total plan assets at beginning of year2020-12-31$299,990
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$-31,992
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$-31,992
Net plan assets at end of year (total assets less liabilities)2020-12-31$267,998
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$299,990
Assets. Value of employer securities2020-12-31$267,007
Total contributions received or receivable from employer(s)2020-12-31$0
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$0
2019 : WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$300,015
Expenses. Total of all expenses incurred2019-12-31$25
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$299,990
Total plan assets at beginning of year2019-12-31$0
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$25
Contributions received from other sources (not participants or employers)2019-12-31$300,000
Other income received2019-12-31$15
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$299,990
Net plan assets at end of year (total assets less liabilities)2019-12-31$299,990
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$0
Assets. Value of employer securities2019-12-31$299,000
Total contributions received or receivable from employer(s)2019-12-31$0
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$0

Form 5500 Responses for WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN

2023: WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: WESTERN STATES OPTICAL, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-10-11Type of plan entitySingle employer plan
2019-10-11First time form 5500 has been submittedYes
2019-10-11Submission has been amendedNo
2019-10-11This submission is the final filingNo
2019-10-11This return/report is a short plan year return/report (less than 12 months)Yes
2019-10-11Plan is a collectively bargained planNo
2019-10-11Plan funding arrangement – TrustYes
2019-10-11Plan benefit arrangement - TrustYes

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