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MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 401k Plan overview

Plan NameMAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN
Plan identification number 001

MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 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
  • 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.
  • 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

MAGIE MABREY HUGHES EYE CLINIC, P.A. has sponsored the creation of one or more 401k plans.

Company Name:MAGIE MABREY HUGHES EYE CLINIC, P.A.
Employer identification number (EIN):710474074
NAIC Classification:621111
NAIC Description:Offices of Physicians (except Mental Health Specialists)

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01MELISSA BILLS
0012016-01-01MELISSA BILLS
0012015-01-01MELISSA WARD2016-06-29
0012014-01-01MELISSA WARD2015-05-29 MELISSA WARD2015-05-29
0012013-01-01SUSAN DAVIS2014-07-23
0012012-01-01STEPHEN MAGIE2013-05-09
0012011-01-01SUSAN DAVIS2012-06-11
0012010-01-01STEPHEN K MAGIE MD2011-05-19

Plan Statistics for MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN

401k plan membership statisitcs for MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN

Measure Date Value
2022: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0152
Total number of active participants reported on line 7a of the Form 55002022-01-0137
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0111
Total of all active and inactive participants2022-01-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0148
Number of participants with account balances2022-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-013
2021: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0152
Total number of active participants reported on line 7a of the Form 55002021-01-0146
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-016
Total of all active and inactive participants2021-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0152
Number of participants with account balances2021-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0146
Total number of active participants reported on line 7a of the Form 55002020-01-0144
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-018
Total of all active and inactive participants2020-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0152
Number of participants with account balances2020-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-013
2019: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0145
Total number of active participants reported on line 7a of the Form 55002019-01-0146
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-010
Total of all active and inactive participants2019-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0146
Number of participants with account balances2019-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0142
Total number of active participants reported on line 7a of the Form 55002018-01-0142
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-013
Total of all active and inactive participants2018-01-0145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0145
Number of participants with account balances2018-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-013
2017: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0143
Total number of active participants reported on line 7a of the Form 55002017-01-0142
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0142
Number of participants with account balances2017-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0148
Total number of active participants reported on line 7a of the Form 55002016-01-0141
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0143
Number of participants with account balances2016-01-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011

Financial Data on MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN

Measure Date Value
2022 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-1,265,985
Expenses. Total of all expenses incurred2022-12-31$57,831
Benefits paid (including direct rollovers)2022-12-31$56,314
Total plan assets at end of year2022-12-31$9,390,269
Total plan assets at beginning of year2022-12-31$10,714,085
Value of fidelity bond covering the plan2022-12-31$500,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$251,936
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,868,511
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,323,816
Net plan assets at end of year (total assets less liabilities)2022-12-31$9,390,269
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$10,714,085
Assets. Value of participant loans2022-12-31$45,324
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$350,590
Value of certain deemed distributions of participant loans2022-12-31$1,017
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$500
2021 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
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$1,702,653
Expenses. Total of all expenses incurred2021-12-31$55,810
Benefits paid (including direct rollovers)2021-12-31$55,243
Total plan assets at end of year2021-12-31$10,714,085
Total plan assets at beginning of year2021-12-31$9,067,242
Value of fidelity bond covering the plan2021-12-31$500,000
Total contributions received or receivable from participants2021-12-31$241,327
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$1,124,681
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,646,843
Net plan assets at end of year (total assets less liabilities)2021-12-31$10,714,085
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$9,067,242
Assets. Value of participant loans2021-12-31$77,556
Total contributions received or receivable from employer(s)2021-12-31$336,645
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$567
2020 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
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$1,723,662
Expenses. Total of all expenses incurred2020-12-31$31,695
Benefits paid (including direct rollovers)2020-12-31$31,367
Total plan assets at end of year2020-12-31$9,067,242
Total plan assets at beginning of year2020-12-31$7,375,275
Value of fidelity bond covering the plan2020-12-31$500,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$261,518
Assets. Value of loans (other than to participants)2020-12-31$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$1,121,164
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$1,691,967
Net plan assets at end of year (total assets less liabilities)2020-12-31$9,067,242
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$7,375,275
Assets. Value of participant loans2020-12-31$69,416
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$340,980
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$328
2019 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
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$1,796,525
Expenses. Total of all expenses incurred2019-12-31$8,566
Benefits paid (including direct rollovers)2019-12-31$7,816
Total plan assets at end of year2019-12-31$7,375,275
Total plan assets at beginning of year2019-12-31$5,587,316
Value of fidelity bond covering the plan2019-12-31$500,000
Total contributions received or receivable from participants2019-12-31$240,848
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$1,216,291
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$1,787,959
Net plan assets at end of year (total assets less liabilities)2019-12-31$7,375,275
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$5,587,316
Assets. Value of participant loans2019-12-31$90,472
Total contributions received or receivable from employer(s)2019-12-31$339,386
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$750
2018 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$314,391
Expenses. Total of all expenses incurred2018-12-31$60,199
Benefits paid (including direct rollovers)2018-12-31$59,686
Total plan assets at end of year2018-12-31$5,587,316
Total plan assets at beginning of year2018-12-31$5,333,124
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$237,757
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$52,807
Other income received2018-12-31$-324,575
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$254,192
Net plan assets at end of year (total assets less liabilities)2018-12-31$5,587,316
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$5,333,124
Assets. Value of participant loans2018-12-31$15,371
Total contributions received or receivable from employer(s)2018-12-31$348,402
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$513
2017 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$1,267,940
Expenses. Total of all expenses incurred2017-12-31$154,670
Benefits paid (including direct rollovers)2017-12-31$154,282
Total plan assets at end of year2017-12-31$5,333,124
Total plan assets at beginning of year2017-12-31$4,219,854
Value of fidelity bond covering the plan2017-12-31$500,000
Total contributions received or receivable from participants2017-12-31$212,391
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$51,810
Other income received2017-12-31$690,515
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$1,113,270
Net plan assets at end of year (total assets less liabilities)2017-12-31$5,333,124
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$4,219,854
Assets. Value of participant loans2017-12-31$35,758
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$313,224
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$388
2016 : MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$805,573
Expenses. Total of all expenses incurred2016-12-31$89,351
Benefits paid (including direct rollovers)2016-12-31$90,791
Total plan assets at end of year2016-12-31$4,219,854
Total plan assets at beginning of year2016-12-31$3,503,632
Value of fidelity bond covering the plan2016-12-31$400,000
Total contributions received or receivable from participants2016-12-31$213,785
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$836
Other income received2016-12-31$331,164
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$716,222
Net plan assets at end of year (total assets less liabilities)2016-12-31$4,219,854
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$3,503,632
Assets. Value of participant loans2016-12-31$16,362
Total contributions received or receivable from employer(s)2016-12-31$259,788
Value of certain deemed distributions of participant loans2016-12-31$-1,693
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$253

Form 5500 Responses for MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN

2022: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: MAGIE-MABREY EYE CLINIC PA RETIREMENT SAV PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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