| 401k Plan Type | Defined Benefit Pension |
| Plan Features/Benefits | - Benefits are primarily pay related
- Benefits are primarily flat dollar (includes dollars per year of service)
- 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).
- 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.
- 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.
|
SOUTHWEST EYE CONSULTANTS, PLLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SOUTHWEST EYE CONSULTANTS, PLLC CASH BALANCE PLAN
401k plan membership statisitcs for SOUTHWEST EYE CONSULTANTS, PLLC CASH BALANCE PLAN
| Measure | Date | Value |
|---|
| 2025: SOUTHWEST EYE CONSULTANTS, PLLC CASH BALANCE PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-09-29 | 62 |
| Total number of particpants at end of year | 2025-09-29 | 53 |
| Number of Participants With Account Balances | 2025-09-29 | 53 |
| Total number of particpants at beginning of year | 2025-01-10 | 42 |
| Total number of particpants at end of year | 2025-01-10 | 62 |
| Number of Participants With Account Balances | 2025-01-10 | 62 |
| 2021: SOUTHWEST EYE CONSULTANTS, PLLC CASH BALANCE PLAN 2021 401k membership |
|---|
| Market value of plan assets | 2021-12-31 | 1,144,593 |
| Acturial value of plan assets | 2021-12-31 | 1,144,593 |
| Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 0 |
| Number of terminated vested participants | 2021-12-31 | 16 |
| Fundng target for terminated vested participants | 2021-12-31 | 28,036 |
| Active participant vested funding target | 2021-12-31 | 650,996 |
| Number of active participants | 2021-12-31 | 21 |
| Total funding liabilities for active participants | 2021-12-31 | 650,996 |
| Total participant count | 2021-12-31 | 37 |
| Total funding target for all participants | 2021-12-31 | 679,032 |
| Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
| Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
| Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
| Amount remaining of carryover balance | 2021-12-31 | 0 |
| Amount remaining of prefunding balance | 2021-12-31 | 0 |
| Present value of excess contributions | 2021-12-31 | 185,925 |
| Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 185,925 |
| Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 185,925 |
| Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
| Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
| Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
| Balance of prefunding at beginning of current year | 2021-12-31 | 185,925 |
| Total employer contributions | 2021-12-31 | 293,713 |
| Total employee contributions | 2021-12-31 | 0 |
| Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
| Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
| Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 282,235 |
| Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
| iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
| Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
| Minimum required contributions for current year target normal cost | 2021-12-31 | 216,421 |
| Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
| Waiver amortization installment | 2021-12-31 | 0 |
| Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
| Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
| Additional cash requirement | 2021-12-31 | 0 |
| Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 282,235 |
| Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
| Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
| Measure | Date | Value |
|---|
| 2025 : SOUTHWEST EYE CONSULTANTS, PLLC CASH BALANCE PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-09-29 | 0 |
| Total liabilities as of the end of the plan year | 2025-09-29 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-09-29 | 0 |
| Total expenses incurred by plan in this plan year | 2025-09-29 | 129818 |
| Net assets as of the end of the plan year | 2025-09-29 | 4046247 |
| Total assets as of the beginning of the plan year | 2025-09-29 | 3392312 |
| Participant contributions to plan in this plan year | 2025-09-29 | 162553 |
| Value of participant loans at end of plan year | 2025-09-29 | 17653 |
| Other expenses paid from plan in this plan year | 2025-09-29 | 52158 |
| Other contributions to plan in this plan year | 2025-09-29 | 0 |
| Other income to plan in this plan year | 2025-09-29 | 453274 |
| Plan net income in this plan year | 2025-09-29 | 653935 |
| Net assets as of the end of the plan year | 2025-09-29 | 4046247 |
| Net assets as of the beginning of the plan year | 2025-09-29 | 3392312 |
| Employer contributions to plan in this plan year | 2025-09-29 | 167926 |
| Fees paid to broker by Benefit Provider | 2025-09-29 | 300 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-09-29 | 0 |
| Total transfers to/from plan in this plan year | 2025-01-10 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-01-10 | 0 |
| Total expenses incurred by plan in this plan year | 2025-01-10 | 308425 |
| Net assets as of the end of the plan year | 2025-01-10 | 3392312 |
| Total assets as of the beginning of the plan year | 2025-01-10 | 2887316 |
| Participant contributions to plan in this plan year | 2025-01-10 | 165738 |
| Value of participant loans at end of plan year | 2025-01-10 | 5715 |
| Other expenses paid from plan in this plan year | 2025-01-10 | 45541 |
| Other contributions to plan in this plan year | 2025-01-10 | 0 |
| Other income to plan in this plan year | 2025-01-10 | 502278 |
| Plan net income in this plan year | 2025-01-10 | 504996 |
| Net assets as of the end of the plan year | 2025-01-10 | 3392312 |
| Net assets as of the beginning of the plan year | 2025-01-10 | 2887316 |
| Value of contributions failed to transmitted timely | 2025-01-10 | 17001 |
| Employer contributions to plan in this plan year | 2025-01-10 | 145405 |
| Fees paid to broker by Benefit Provider | 2025-01-10 | 300 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-01-10 | 0 |
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