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INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN 401k Plan overview

Plan NameINVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN
Plan identification number 001

INVISION EYE CARE SPECIALISTS, LLC 401(K) 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.
  • 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

INVISION EYE CARE SPECIALISTS, LLC has sponsored the creation of one or more 401k plans.

Company Name:INVISION EYE CARE SPECIALISTS, LLC
Employer identification number (EIN):832386557
NAIC Classification:621320
NAIC Description:Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01EDWARD HEDAYA2023-06-08 EDWARD HEDAYA2023-06-08
0012021-01-01EDWARD HEDAYA2022-10-10 EDWARD HEDAYA2022-10-10

Financial Data on INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN

Measure Date Value
2025 : INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN 2025 401k financial data
Total liabilities as of the end of the plan year2025-10-140
Total liabilities as of the beginning of the plan year2025-10-140
Total expenses incurred by plan in this plan year2025-10-1443539
Net assets as of the end of the plan year2025-10-145904286
Total assets as of the beginning of the plan year2025-10-144935534
Participant contributions to plan in this plan year2025-10-14127417
Value of participant loans at end of plan year2025-10-1424999
Other expenses paid from plan in this plan year2025-10-140
Other contributions to plan in this plan year2025-10-140
Other income to plan in this plan year2025-10-14761849
Plan net income in this plan year2025-10-14968752
Net assets as of the end of the plan year2025-10-145904286
Net assets as of the beginning of the plan year2025-10-144935534
Employer contributions to plan in this plan year2025-10-14123025
Fees paid to broker by Benefit Provider2025-10-1412633
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-1450
2024 : INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-1558373
Net assets as of the end of the plan year2024-10-154935534
Total assets as of the beginning of the plan year2024-10-154007652
Participant contributions to plan in this plan year2024-10-15121415
Value of participant loans at end of plan year2024-10-1533681
Other contributions to plan in this plan year2024-10-1515532
Other income to plan in this plan year2024-10-15741164
Plan net income in this plan year2024-10-15927882
Net assets as of the end of the plan year2024-10-154935534
Net assets as of the beginning of the plan year2024-10-154007652
Employer contributions to plan in this plan year2024-10-15108144
Fees paid to broker by Benefit Provider2024-10-1521493
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-15175
2022 : INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-844,394
Expenses. Total of all expenses incurred2022-12-31$177,172
Benefits paid (including direct rollovers)2022-12-31$177,172
Total plan assets at end of year2022-12-31$4,007,652
Total plan assets at beginning of year2022-12-31$5,029,218
Value of fidelity bond covering the plan2022-12-31$200,000
Total contributions received or receivable from participants2022-12-31$109,749
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,050,326
Net income (gross income less expenses)2022-12-31$-1,021,566
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,007,652
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$5,029,218
Assets. Value of participant loans2022-12-31$3,503
Total contributions received or receivable from employer(s)2022-12-31$96,183
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$0
2021 : INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$884,990
Expenses. Total of all expenses incurred2021-12-31$324,723
Benefits paid (including direct rollovers)2021-12-31$324,723
Total plan assets at end of year2021-12-31$5,029,218
Total plan assets at beginning of year2021-12-31$4,468,951
Value of fidelity bond covering the plan2021-12-31$200,000
Total contributions received or receivable from participants2021-12-31$86,906
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$27,924
Other income received2021-12-31$728,204
Net income (gross income less expenses)2021-12-31$560,267
Net plan assets at end of year (total assets less liabilities)2021-12-31$5,029,218
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$4,468,951
Assets. Value of participant loans2021-12-31$13,083
Total contributions received or receivable from employer(s)2021-12-31$41,956
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

Form 5500 Responses for INVISION EYE CARE SPECIALISTS, LLC 401(K) PLAN

2022: INVISION EYE CARE SPECIALISTS, LLC 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 – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: INVISION EYE CARE SPECIALISTS, LLC 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 – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81D116
Policy instance 1
Insurance contract or identification number81D116
Number of Individuals Covered16
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $21,286
Total amount of fees paid to insurance companyUSD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number81D116
Policy instance 1

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