401k Plan data: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN plan

PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 401k Plan overview

Plan Name	PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN
Plan identification number	001

PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Company Name: PRISM OPTICAL, INC.

Employer identification number (EIN): 591709162

NAIC Classification: 446130
NAIC Description: Optical Goods Stores

Additional information about PRISM OPTICAL, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1976-11-29

Company Identification Number: 519227

Legal Registered Office Address: PRISM OPTICAL

Wilton Manors

33334

More information about PRISM OPTICAL, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 CARLOS QUINTERO
001 2016-01-01 CARLOSQUINTERO
001 2015-01-01 RON GITLAN
001 2014-01-01 RON GITLAN
001 2013-01-01 RON GITLAN
001 2012-01-01 RON GITLAN
001 2011-01-01 RON GITLAN
001 2009-01-01 RON GITLAN
001 2009-01-01 RON GITLAN

Plan Statistics for PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN

401k plan membership statisitcs for PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN

Measure Date Value
2019: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2
Number of other retired or separated participants entitled to future benefits 2019-01-01 1
Total of all active and inactive participants 2019-01-01 1
Total participants 2019-01-01 1
Number of participants with account balances 2019-01-01 1
2018: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 13
Number of other retired or separated participants entitled to future benefits 2018-01-01 2
Total of all active and inactive participants 2018-01-01 2
Total participants 2018-01-01 2
Number of participants with account balances 2018-01-01 2
2017: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 12
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 11
Number of other retired or separated participants entitled to future benefits 2017-01-01 2
Total of all active and inactive participants 2017-01-01 13
Total participants 2017-01-01 13
Number of participants with account balances 2017-01-01 11
2016: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 15
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 10
Number of other retired or separated participants entitled to future benefits 2016-01-01 2
Total of all active and inactive participants 2016-01-01 12
Total participants 2016-01-01 12
Number of participants with account balances 2016-01-01 12
2015: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 12
Number of other retired or separated participants entitled to future benefits 2015-01-01 3
Total of all active and inactive participants 2015-01-01 15
Total participants 2015-01-01 15
Number of participants with account balances 2015-01-01 14
2014: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 12
Number of other retired or separated participants entitled to future benefits 2014-01-01 5
Total of all active and inactive participants 2014-01-01 17
Total participants 2014-01-01 17
Number of participants with account balances 2014-01-01 17
2013: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 12
Number of other retired or separated participants entitled to future benefits 2013-01-01 6
Total of all active and inactive participants 2013-01-01 18
Total participants 2013-01-01 18
Number of participants with account balances 2013-01-01 18
2012: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 13
Number of other retired or separated participants entitled to future benefits 2012-01-01 5
Total of all active and inactive participants 2012-01-01 18
Total participants 2012-01-01 18
Number of participants with account balances 2012-01-01 18
2011: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 16
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 13
Number of other retired or separated participants entitled to future benefits 2011-01-01 5
Total of all active and inactive participants 2011-01-01 18
Total participants 2011-01-01 18
Number of participants with account balances 2011-01-01 18
2009: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 25
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 16
Number of other retired or separated participants entitled to future benefits 2009-01-01 8
Total of all active and inactive participants 2009-01-01 24
Total participants 2009-01-01 24
Number of participants with account balances 2009-01-01 24

Measure	Date	Value
2019: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2
Number of other retired or separated participants entitled to future benefits	2019-01-01	1
Total of all active and inactive participants	2019-01-01	1
Total participants	2019-01-01	1
Number of participants with account balances	2019-01-01	1
2018: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	13
Number of other retired or separated participants entitled to future benefits	2018-01-01	2
Total of all active and inactive participants	2018-01-01	2
Total participants	2018-01-01	2
Number of participants with account balances	2018-01-01	2
2017: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	12
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	11
Number of other retired or separated participants entitled to future benefits	2017-01-01	2
Total of all active and inactive participants	2017-01-01	13
Total participants	2017-01-01	13
Number of participants with account balances	2017-01-01	11
2016: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	15
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	10
Number of other retired or separated participants entitled to future benefits	2016-01-01	2
Total of all active and inactive participants	2016-01-01	12
Total participants	2016-01-01	12
Number of participants with account balances	2016-01-01	12
2015: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	12
Number of other retired or separated participants entitled to future benefits	2015-01-01	3
Total of all active and inactive participants	2015-01-01	15
Total participants	2015-01-01	15
Number of participants with account balances	2015-01-01	14
2014: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	12
Number of other retired or separated participants entitled to future benefits	2014-01-01	5
Total of all active and inactive participants	2014-01-01	17
Total participants	2014-01-01	17
Number of participants with account balances	2014-01-01	17
2013: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	12
Number of other retired or separated participants entitled to future benefits	2013-01-01	6
Total of all active and inactive participants	2013-01-01	18
Total participants	2013-01-01	18
Number of participants with account balances	2013-01-01	18
2012: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	13
Number of other retired or separated participants entitled to future benefits	2012-01-01	5
Total of all active and inactive participants	2012-01-01	18
Total participants	2012-01-01	18
Number of participants with account balances	2012-01-01	18
2011: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	16
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	13
Number of other retired or separated participants entitled to future benefits	2011-01-01	5
Total of all active and inactive participants	2011-01-01	18
Total participants	2011-01-01	18
Number of participants with account balances	2011-01-01	18
2009: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	25
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	16
Number of other retired or separated participants entitled to future benefits	2009-01-01	8
Total of all active and inactive participants	2009-01-01	24
Total participants	2009-01-01	24
Number of participants with account balances	2009-01-01	24

Financial Data on PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN

Measure	Date	Value
2019 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2019 401k financial data
Total income from all sources	2019-12-31	$70
Expenses. Total of all expenses incurred	2019-12-31	$997
Benefits paid (including direct rollovers)	2019-12-31	$997
Total plan assets at end of year	2019-12-31	$8,217
Total plan assets at beginning of year	2019-12-31	$9,144
Other income received	2019-12-31	$70
Net income (gross income less expenses)	2019-12-31	$-927
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$8,217
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$9,144
2018 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$62,866
Expenses. Total of all expenses incurred	2018-12-31	$1,005,096
Benefits paid (including direct rollovers)	2018-12-31	$1,005,096
Total plan assets at end of year	2018-12-31	$9,144
Total plan assets at beginning of year	2018-12-31	$951,374
Total contributions received or receivable from participants	2018-12-31	$14,383
Other income received	2018-12-31	$48,483
Net income (gross income less expenses)	2018-12-31	$-942,230
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$9,144
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$951,374
2017 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$201,342
Expenses. Total of all expenses incurred	2017-12-31	$291,070
Benefits paid (including direct rollovers)	2017-12-31	$291,070
Total plan assets at end of year	2017-12-31	$951,374
Total plan assets at beginning of year	2017-12-31	$1,041,102
Total contributions received or receivable from participants	2017-12-31	$39,006
Other income received	2017-12-31	$148,056
Net income (gross income less expenses)	2017-12-31	$-89,728
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$951,374
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$1,041,102
Assets. Value of participant loans	2017-12-31	$2,655
Total contributions received or receivable from employer(s)	2017-12-31	$14,280
2016 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$81,479
Expenses. Total of all expenses incurred	2016-12-31	$22,381
Benefits paid (including direct rollovers)	2016-12-31	$22,381
Total plan assets at end of year	2016-12-31	$1,041,102
Total plan assets at beginning of year	2016-12-31	$982,004
Value of fidelity bond covering the plan	2016-12-31	$100,000
Total contributions received or receivable from participants	2016-12-31	$43,818
Other income received	2016-12-31	$20,613
Net income (gross income less expenses)	2016-12-31	$59,098
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$1,041,102
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$982,004
Assets. Value of participant loans	2016-12-31	$42,252
Total contributions received or receivable from employer(s)	2016-12-31	$17,048
2015 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$31,678
Expenses. Total of all expenses incurred	2015-12-31	$45,683
Benefits paid (including direct rollovers)	2015-12-31	$45,683
Total plan assets at end of year	2015-12-31	$982,004
Total plan assets at beginning of year	2015-12-31	$996,009
Value of fidelity bond covering the plan	2015-12-31	$100,000
Total contributions received or receivable from participants	2015-12-31	$16,929
Other income received	2015-12-31	$-1,688
Net income (gross income less expenses)	2015-12-31	$-14,005
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$982,004
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$996,009
Assets. Value of participant loans	2015-12-31	$54,068
Total contributions received or receivable from employer(s)	2015-12-31	$16,437
2014 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$144,097
Expenses. Total of all expenses incurred	2014-12-31	$3,052
Benefits paid (including direct rollovers)	2014-12-31	$3,052
Total plan assets at end of year	2014-12-31	$996,009
Total plan assets at beginning of year	2014-12-31	$854,964
Value of fidelity bond covering the plan	2014-12-31	$100,000
Total contributions received or receivable from participants	2014-12-31	$16,350
Other income received	2014-12-31	$109,947
Net income (gross income less expenses)	2014-12-31	$141,045
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$996,009
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$854,964
Assets. Value of participant loans	2014-12-31	$34,161
Total contributions received or receivable from employer(s)	2014-12-31	$17,800
2013 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$131,294
Expenses. Total of all expenses incurred	2013-12-31	$26,988
Benefits paid (including direct rollovers)	2013-12-31	$26,988
Total plan assets at end of year	2013-12-31	$854,964
Total plan assets at beginning of year	2013-12-31	$750,658
Total contributions received or receivable from participants	2013-12-31	$14,631
Other income received	2013-12-31	$98,523
Net income (gross income less expenses)	2013-12-31	$104,306
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$854,964
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$750,658
Assets. Value of participant loans	2013-12-31	$38,824
Total contributions received or receivable from employer(s)	2013-12-31	$18,140
2012 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$76,898
Expenses. Total of all expenses incurred	2012-12-31	$22,589
Benefits paid (including direct rollovers)	2012-12-31	$22,589
Total plan assets at end of year	2012-12-31	$750,658
Total plan assets at beginning of year	2012-12-31	$696,349
Value of fidelity bond covering the plan	2012-12-31	$50,000
Total contributions received or receivable from participants	2012-12-31	$21,922
Other income received	2012-12-31	$35,959
Net income (gross income less expenses)	2012-12-31	$54,309
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$750,658
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$696,349
Assets. Value of participant loans	2012-12-31	$78,683
Total contributions received or receivable from employer(s)	2012-12-31	$19,017
Funding deficiency by the employer to the plan for this plan year	2012-12-31	$0
Minimum employer required contribution for this plan year	2012-12-31	$0
Amount contributed by the employer to the plan for this plan year	2012-12-31	$0
2011 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$52,552
Expenses. Total of all expenses incurred	2011-12-31	$2,620
Benefits paid (including direct rollovers)	2011-12-31	$2,620
Total plan assets at end of year	2011-12-31	$696,349
Total plan assets at beginning of year	2011-12-31	$646,417
Value of fidelity bond covering the plan	2011-12-31	$50,000
Total contributions received or receivable from participants	2011-12-31	$48,689
Other income received	2011-12-31	$-21,634
Net income (gross income less expenses)	2011-12-31	$49,932
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$696,349
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$646,417
Assets. Value of participant loans	2011-12-31	$85,469
Total contributions received or receivable from employer(s)	2011-12-31	$25,497
2010 : PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$116,982
Expenses. Total of all expenses incurred	2010-12-31	$32,099
Benefits paid (including direct rollovers)	2010-12-31	$32,099
Total plan assets at end of year	2010-12-31	$646,417
Total plan assets at beginning of year	2010-12-31	$561,534
Value of fidelity bond covering the plan	2010-12-31	$50,000
Total contributions received or receivable from participants	2010-12-31	$50,465
Other income received	2010-12-31	$43,233
Net income (gross income less expenses)	2010-12-31	$84,883
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$646,417
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$561,534
Assets. Value of participant loans	2010-12-31	$42,018
Total contributions received or receivable from employer(s)	2010-12-31	$23,284

Form 5500 Responses for PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN

2019: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: PRISM OPTICAL, INC. SAFE HARBOR 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PRISM OPTICAL, INC.
Employer identification number (EIN):	591709162
NAIC Classification:	446130
NAIC Description:	Optical Goods Stores

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1976-11-29
Company Identification Number:	519227
Legal Registered Office Address:	PRISM OPTICAL Wilton Manors 33334

Plan id#	Filing Submission Date	Name of Administrator
001	2020-01-01
001	2019-01-01
001	2018-01-01
001	2017-01-01	CARLOS QUINTERO
001	2016-01-01	CARLOSQUINTERO
001	2015-01-01	RON GITLAN
001	2014-01-01	RON GITLAN
001	2013-01-01	RON GITLAN
001	2012-01-01	RON GITLAN
001	2011-01-01	RON GITLAN
001	2009-01-01	RON GITLAN
001	2009-01-01	RON GITLAN