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OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameOPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN Benefits

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

401k Sponsoring company profile

OPTICAL IMAGE TECHNOLOGY, INC has sponsored the creation of one or more 401k plans.

Company Name:OPTICAL IMAGE TECHNOLOGY, INC
Employer identification number (EIN):251539108
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Additional information about OPTICAL IMAGE TECHNOLOGY, INC

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number: 1049182

More information about OPTICAL IMAGE TECHNOLOGY, INC

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012015-01-01RONALD PRICHARD
0012015-01-01RONALD PRICHARD
0012014-01-01RONALD PRICHARD
0012013-01-01JEFFREY KRANTWEISS
0012012-01-01RONALD PRICHARD RONALD PRICHARD2013-08-21
0012011-01-01RONALD PRICHARD
0012010-01-01RONALD PRICHARD
0012009-01-01RONALD PRICHARD

Plan Statistics for OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2015: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0165
Total number of active participants reported on line 7a of the Form 55002015-01-010
Total of all active and inactive participants2015-01-010
Total participants2015-01-010
2014: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0164
Total number of active participants reported on line 7a of the Form 55002014-01-0150
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0115
Total of all active and inactive participants2014-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0165
Number of participants with account balances2014-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0163
Total number of active participants reported on line 7a of the Form 55002013-01-0148
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0116
Total of all active and inactive participants2013-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0164
Number of participants with account balances2013-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0165
Total number of active participants reported on line 7a of the Form 55002012-01-0150
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0113
Total of all active and inactive participants2012-01-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0163
Number of participants with account balances2012-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0168
Total number of active participants reported on line 7a of the Form 55002011-01-0150
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0115
Total of all active and inactive participants2011-01-0165
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0165
Number of participants with account balances2011-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0164
Total number of active participants reported on line 7a of the Form 55002010-01-0153
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0115
Total of all active and inactive participants2010-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0168
Number of participants with account balances2010-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-015
2009: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0164
Total number of active participants reported on line 7a of the Form 55002009-01-0154
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0110
Total of all active and inactive participants2009-01-0164
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0164
Number of participants with account balances2009-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012

Financial Data on OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2015 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-10-26$-3,571,391
Total plan liabilities at end of year2015-10-26$0
Total plan liabilities at beginning of year2015-10-26$0
Total income from all sources2015-10-26$304,252
Expenses. Total of all expenses incurred2015-10-26$48,292
Benefits paid (including direct rollovers)2015-10-26$42,826
Total plan assets at end of year2015-10-26$0
Total plan assets at beginning of year2015-10-26$3,315,431
Value of fidelity bond covering the plan2015-10-26$500,000
Total contributions received or receivable from participants2015-10-26$189,740
Expenses. Other expenses not covered elsewhere2015-10-26$0
Contributions received from other sources (not participants or employers)2015-10-26$2,889
Other income received2015-10-26$49,544
Noncash contributions received2015-10-26$0
Net income (gross income less expenses)2015-10-26$255,960
Net plan assets at end of year (total assets less liabilities)2015-10-26$0
Net plan assets at beginning of year (total assets less liabilities)2015-10-26$3,315,431
Total contributions received or receivable from employer(s)2015-10-26$62,079
Value of certain deemed distributions of participant loans2015-10-26$0
Value of corrective distributions2015-10-26$909
Expenses. Administrative service providers (salaries,fees and commissions)2015-10-26$4,557
2014 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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$499,711
Expenses. Total of all expenses incurred2014-12-31$201,115
Benefits paid (including direct rollovers)2014-12-31$196,030
Total plan assets at end of year2014-12-31$3,315,431
Total plan assets at beginning of year2014-12-31$3,016,835
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$192,486
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$43,833
Other income received2014-12-31$195,061
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$298,596
Net plan assets at end of year (total assets less liabilities)2014-12-31$3,315,431
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$3,016,835
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$68,331
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$5,085
2013 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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$820,499
Expenses. Total of all expenses incurred2013-12-31$354,854
Benefits paid (including direct rollovers)2013-12-31$341,781
Total plan assets at end of year2013-12-31$3,016,835
Total plan assets at beginning of year2013-12-31$2,551,190
Value of fidelity bond covering the plan2013-12-31$250,000
Total contributions received or receivable from participants2013-12-31$187,189
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$2,909
Other income received2013-12-31$565,180
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$465,645
Net plan assets at end of year (total assets less liabilities)2013-12-31$3,016,835
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,551,190
Total contributions received or receivable from employer(s)2013-12-31$65,221
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$7,459
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$5,614
2012 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources2012-12-31$664,501
Expenses. Total of all expenses incurred2012-12-31$87,280
Benefits paid (including direct rollovers)2012-12-31$81,586
Total plan assets at end of year2012-12-31$2,551,190
Total plan assets at beginning of year2012-12-31$1,973,969
Value of fidelity bond covering the plan2012-12-31$250,000
Total contributions received or receivable from participants2012-12-31$217,211
Contributions received from other sources (not participants or employers)2012-12-31$81,035
Other income received2012-12-31$295,935
Net income (gross income less expenses)2012-12-31$577,221
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,551,190
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,973,969
Total contributions received or receivable from employer(s)2012-12-31$70,320
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,694
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources2011-12-31$200,125
Expenses. Total of all expenses incurred2011-12-31$70,030
Benefits paid (including direct rollovers)2011-12-31$64,406
Total plan assets at end of year2011-12-31$1,973,969
Total plan assets at beginning of year2011-12-31$1,843,874
Value of fidelity bond covering the plan2011-12-31$250,000
Total contributions received or receivable from participants2011-12-31$194,824
Contributions received from other sources (not participants or employers)2011-12-31$26,017
Other income received2011-12-31$-82,017
Net income (gross income less expenses)2011-12-31$130,095
Net plan assets at end of year (total assets less liabilities)2011-12-31$1,973,969
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$1,843,874
Total contributions received or receivable from employer(s)2011-12-31$61,301
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$5,624
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources2010-12-31$520,644
Expenses. Total of all expenses incurred2010-12-31$35,311
Benefits paid (including direct rollovers)2010-12-31$29,729
Total plan assets at end of year2010-12-31$1,843,874
Total plan assets at beginning of year2010-12-31$1,358,541
Value of fidelity bond covering the plan2010-12-31$150,000
Total contributions received or receivable from participants2010-12-31$203,378
Other income received2010-12-31$250,621
Net income (gross income less expenses)2010-12-31$485,333
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,843,874
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,358,541
Total contributions received or receivable from employer(s)2010-12-31$66,645
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$5,582
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN

2015: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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 filingYes
2015-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING 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 is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: OPTICAL IMAGE TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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