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DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameDR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST 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
  • 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.
  • Plan covering Self-Employed individuals.
  • 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

DR. BILL M. PARK OPTOMETRIST PARK FAMILY EYE CARE has sponsored the creation of one or more 401k plans.

Company Name:DR. BILL M. PARK OPTOMETRIST PARK FAMILY EYE CARE
Employer identification number (EIN):363187524
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01BILL PARK2023-09-22 BILL PARK2023-09-22
0012021-01-01BILL PARK2022-09-23 BILL PARK2022-09-23
0012020-01-01BILL PARK2021-09-27 BILL PARK2021-09-27
0012019-01-01BILL PARK2020-08-26 BILL PARK2020-08-26
0012018-01-01BILL PARK2019-09-17 BILL PARK2019-09-17
0012017-01-01BILL PARK2018-08-31 BILL PARK2018-08-31
0012016-01-01BILL PARK2017-06-07 BILL PARK2017-06-07
0012015-01-01BILL PARK2016-04-08 BILL PARK2016-04-08
0012014-01-01BILL PARK2015-05-02 BILL PARK2015-05-02
0012013-01-01BILL PARK2014-04-08 BILL PARK2014-04-08
0012012-01-01BILL PARK2013-04-09 BILL PARK2013-04-09
0012011-01-01BILL PARK2012-03-22
0012009-01-01 BILL PARK2010-10-09
0012009-01-01 BILL PARK2010-10-14
0012009-01-01 BILL PARK2010-10-13
0012009-01-01BILL PARK

Plan Statistics for DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2009: DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-015
Total number of active participants reported on line 7a of the Form 55002009-01-014
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-014
Number of participants with account balances2009-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-011

Financial Data on DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2010 : DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST 2010 401k financial data
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$112,186
Expenses. Total of all expenses incurred2010-12-31$6,041
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$1,079,993
Total plan assets at beginning of year2010-12-31$973,848
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$0
Expenses. Other expenses not covered elsewhere2010-12-31$6,041
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$100,884
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$106,145
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,079,993
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$973,848
Total contributions received or receivable from employer(s)2010-12-31$11,302
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST

2009: DR. BILL M. PARK OPTOMETRIST 401(K) PROFIT SHARING PLAN & TRUST 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 is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NORTHWESTERN MUTUAL (National Association of Insurance Commissioners NAIC id number: 67091 )
Policy contract number57392
Policy instance 1
Insurance contract or identification number57392
Number of Individuals Covered1
Insurance policy start date2010-01-01
Insurance policy end date2010-12-01
Total amount of commissions paid to insurance brokerUSD $182
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?Yes
Commission paid to Insurance BrokerUSD $182
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameCHARLES R SOLBERG

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