?>
Logo

FOCUS OPTICAL INC 401(K) PLAN 401k Plan overview

Plan NameFOCUS OPTICAL INC 401(K) PLAN
Plan identification number 001

FOCUS OPTICAL INC 401(K) 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:FOCUS OPTICAL INC
Employer identification number (EIN):821927047
NAIC Classification:446130
NAIC Description:Optical Goods Stores

Additional information about FOCUS OPTICAL INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date: 1994-03-14
Company Identification Number: 2385326
Legal Registered Office Address: 2711 Centerville Road
Suite 400
Wilmington
United States of America (USA)
19808

More information about FOCUS OPTICAL INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FOCUS OPTICAL INC 401(K) 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
0012018-01-01
0012017-06-06TORRY EUGENE ELSTON TORRY EUGENE ELSTON2018-10-16
0012017-06-062018-11-20
0012017-06-06TORRY EUGENE ELSTON TORRY EUGENE ELSTON2018-10-16
0012017-06-06TORRY ELSTON TORRY ELSTON2019-02-22

Plan Statistics for FOCUS OPTICAL INC 401(K) PLAN

401k plan membership statisitcs for FOCUS OPTICAL INC 401(K) PLAN

Measure Date Value
2022: FOCUS OPTICAL INC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0111
Total number of active participants reported on line 7a of the Form 55002022-01-019
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-015
Total of all active and inactive participants2022-01-0114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0114
Number of participants with account balances2022-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: FOCUS OPTICAL INC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-017
Total number of active participants reported on line 7a of the Form 55002021-01-0111
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0116
Number of participants with account balances2021-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: FOCUS OPTICAL INC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-017
Total number of active participants reported on line 7a of the Form 55002020-01-017
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-017
Number of participants with account balances2020-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: FOCUS OPTICAL INC 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-018
Total number of active participants reported on line 7a of the Form 55002019-01-017
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 participants2019-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-017
Number of participants with account balances2019-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: FOCUS OPTICAL INC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-012
Total number of active participants reported on line 7a of the Form 55002018-01-016
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-016
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-016
Number of participants with account balances2018-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: FOCUS OPTICAL INC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-06-060
Total number of active participants reported on line 7a of the Form 55002017-06-062
Number of retired or separated participants receiving benefits2017-06-060
Number of other retired or separated participants entitled to future benefits2017-06-060
Total of all active and inactive participants2017-06-062
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-06-060
Total participants2017-06-062
Number of participants with account balances2017-06-062
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-06-060

Financial Data on FOCUS OPTICAL INC 401(K) PLAN

Measure Date Value
2022 : FOCUS OPTICAL INC 401(K) PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-63,195
Expenses. Total of all expenses incurred2022-12-31$0
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$844,480
Total plan assets at beginning of year2022-12-31$907,675
Value of fidelity bond covering the plan2022-12-31$20,000
Total contributions received or receivable from participants2022-12-31$50,065
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-126,257
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-63,195
Net plan assets at end of year (total assets less liabilities)2022-12-31$844,480
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$907,675
Assets. Value of employer securities2022-12-31$133,147
Total contributions received or receivable from employer(s)2022-12-31$12,997
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : FOCUS OPTICAL INC 401(K) 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$680,651
Expenses. Total of all expenses incurred2021-12-31$251
Benefits paid (including direct rollovers)2021-12-31$251
Total plan assets at end of year2021-12-31$907,675
Total plan assets at beginning of year2021-12-31$227,275
Value of fidelity bond covering the plan2021-12-31$20,000
Total contributions received or receivable from participants2021-12-31$46,894
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$615,002
Other income received2021-12-31$6,676
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$680,400
Net plan assets at end of year (total assets less liabilities)2021-12-31$907,675
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$227,275
Assets. Value of employer securities2021-12-31$99,513
Total contributions received or receivable from employer(s)2021-12-31$12,079
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$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : FOCUS OPTICAL INC 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$114,847
Expenses. Total of all expenses incurred2020-12-31$1,626
Total plan assets at end of year2020-12-31$227,275
Total plan assets at beginning of year2020-12-31$114,054
Value of fidelity bond covering the plan2020-12-31$20,000
Total contributions received or receivable from participants2020-12-31$23,908
Expenses. Other expenses not covered elsewhere2020-12-31$1,626
Other income received2020-12-31$82,499
Net income (gross income less expenses)2020-12-31$113,221
Net plan assets at end of year (total assets less liabilities)2020-12-31$227,275
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$114,054
Assets. Value of employer securities2020-12-31$134,345
Total contributions received or receivable from employer(s)2020-12-31$8,440
2019 : FOCUS OPTICAL INC 401(K) 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$62,668
Expenses. Total of all expenses incurred2019-12-31$0
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$114,054
Total plan assets at beginning of year2019-12-31$51,386
Value of fidelity bond covering the plan2019-12-31$50,000
Total contributions received or receivable from participants2019-12-31$13,822
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$44,332
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$62,668
Net plan assets at end of year (total assets less liabilities)2019-12-31$114,054
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$51,386
Assets. Value of employer securities2019-12-31$69,191
Total contributions received or receivable from employer(s)2019-12-31$4,514
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$0
2018 : FOCUS OPTICAL INC 401(K) PLAN 2018 401k financial data
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$1,524
Expenses. Total of all expenses incurred2018-12-31$0
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$52,326
Total plan assets at beginning of year2018-12-31$50,802
Value of fidelity bond covering the plan2018-12-31$50,000
Total contributions received or receivable from participants2018-12-31$8,271
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-10,260
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$1,524
Net plan assets at end of year (total assets less liabilities)2018-12-31$52,326
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$50,802
Assets. Value of employer securities2018-12-31$40,542
Total contributions received or receivable from employer(s)2018-12-31$3,513
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$0
2017 : FOCUS OPTICAL INC 401(K) 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$50,802
Expenses. Total of all expenses incurred2017-12-31$0
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$50,802
Total plan assets at beginning of year2017-12-31$0
Value of fidelity bond covering the plan2017-12-31$50,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$81,495
Other income received2017-12-31$-30,693
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$50,802
Net plan assets at end of year (total assets less liabilities)2017-12-31$50,802
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$0
Assets. Value of employer securities2017-12-31$50,802
Total contributions received or receivable from employer(s)2017-12-31$0
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$0

Form 5500 Responses for FOCUS OPTICAL INC 401(K) PLAN

2022: FOCUS OPTICAL INC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FOCUS OPTICAL INC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FOCUS OPTICAL INC 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FOCUS OPTICAL INC 401(K) 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: FOCUS OPTICAL INC 401(K) 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: FOCUS OPTICAL INC 401(K) PLAN 2017 form 5500 responses
2017-06-06Type of plan entitySingle employer plan
2017-06-06First time form 5500 has been submittedYes
2017-06-06Submission has been amendedYes
2017-06-06This submission is the final filingNo
2017-06-06This return/report is a short plan year return/report (less than 12 months)Yes
2017-06-06Plan is a collectively bargained planNo
2017-06-06Plan funding arrangement – TrustYes
2017-06-06Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number132589
Policy instance 1
Insurance contract or identification number132589
Number of Individuals Covered4
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $40
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Amount paid for insurance broker fees40
Additional information about fees paid to insurance brokerFEES
Insurance broker organization code?3

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3