401k Plan data: JOHN SAER, MD DEFINED BENEFIT PLAN plan

JOHN SAER, MD DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	JOHN SAER, MD DEFINED BENEFIT PLAN
Plan identification number	002

JOHN SAER, MD DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
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.

401k Sponsoring company profile

JOHN B. SAER, MD, PHD, FACS has sponsored the creation of one or more 401k plans.

Company Name: JOHN B. SAER, MD, PHD, FACS

Employer identification number (EIN): 861054334

NAIC Classification: 621320
NAIC Description: Offices of Optometrists

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JOHN SAER, MD DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 JOHN SAER 2024-05-22
002 2022-01-01 JOHN SAER 2023-05-19
002 2021-01-01 JOHN B. SAER 2022-03-31
002 2020-01-01 JOHN B. SAER 2021-05-28
002 2019-01-01 JOHN B. SAER 2020-05-29
002 2018-01-01 JOHN B. SAER 2019-06-28
002 2017-01-01 JOHN B. SAER 2019-08-26
002 2016-01-01 JOHN B. SAER 2018-02-01
002 2015-01-01 JOHN B. SAER 2018-02-01
002 2014-01-01
002 2013-01-01
002 2012-01-01 JOHN SAER, MD 2013-06-27
002 2011-01-01 JOHN B. SAER, MD, PHD 2012-06-22
002 2010-01-01 JOHN SAER, MD 2011-06-03 JOHN SAER, MD 2011-06-03

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	JOHN SAER	2024-05-22
002	2022-01-01	JOHN SAER	2023-05-19
002	2021-01-01	JOHN B. SAER	2022-03-31
002	2020-01-01	JOHN B. SAER	2021-05-28
002	2019-01-01	JOHN B. SAER	2020-05-29
002	2018-01-01	JOHN B. SAER	2019-06-28
002	2017-01-01	JOHN B. SAER	2019-08-26
002	2016-01-01	JOHN B. SAER	2018-02-01
002	2015-01-01	JOHN B. SAER	2018-02-01
002	2014-01-01
002	2013-01-01
002	2012-01-01	JOHN SAER, MD	2013-06-27
002	2011-01-01	JOHN B. SAER, MD, PHD	2012-06-22
002	2010-01-01	JOHN SAER, MD	2011-06-03	JOHN SAER, MD	2011-06-03

Financial Data on JOHN SAER, MD DEFINED BENEFIT PLAN

Measure	Date	Value
2025 : JOHN SAER, MD DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year	2025-05-29	0
Total liabilities as of the end of the plan year	2025-05-29	0
Total liabilities as of the beginning of the plan year	2025-05-29	0
Total expenses incurred by plan in this plan year	2025-05-29	848695
Net assets as of the end of the plan year	2025-05-29	396205
Total assets as of the beginning of the plan year	2025-05-29	1110291
Value of plan covered by a fidelity bond	2025-05-29	111029
Participant contributions to plan in this plan year	2025-05-29	28639
Value of participant loans at end of plan year	2025-05-29	6983
Other expenses paid from plan in this plan year	2025-05-29	0
Other contributions to plan in this plan year	2025-05-29	0
Other income to plan in this plan year	2025-05-29	89841
Plan net income in this plan year	2025-05-29	-714086
Net assets as of the end of the plan year	2025-05-29	396205
Net assets as of the beginning of the plan year	2025-05-29	1110291
Employer contributions to plan in this plan year	2025-05-29	16129
Expensese paid to adminstrative service provicers from plan in this plan year	2025-05-29	5086
2024 : JOHN SAER, MD DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-05-22	0
Total liabilities as of the end of the plan year	2024-05-22	0
Total liabilities as of the beginning of the plan year	2024-05-22	0
Total expenses incurred by plan in this plan year	2024-05-22	66264
Net assets as of the end of the plan year	2024-05-22	1110291
Total assets as of the beginning of the plan year	2024-05-22	956937
Value of plan covered by a fidelity bond	2024-05-22	95694
Participant contributions to plan in this plan year	2024-05-22	28610
Value of participant loans at end of plan year	2024-05-22	13187
Other expenses paid from plan in this plan year	2024-05-22	0
Other contributions to plan in this plan year	2024-05-22	0
Other income to plan in this plan year	2024-05-22	175781
Plan net income in this plan year	2024-05-22	153354
Net assets as of the end of the plan year	2024-05-22	1110291
Net assets as of the beginning of the plan year	2024-05-22	956937
Employer contributions to plan in this plan year	2024-05-22	15227
Expensese paid to adminstrative service provicers from plan in this plan year	2024-05-22	7183
2022 : JOHN SAER, MD DEFINED BENEFIT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-03-31	0
Total liabilities as of the end of the plan year	2022-03-31	0
Total liabilities as of the beginning of the plan year	2022-03-31	0
Total expenses incurred by plan in this plan year	2022-03-31	5944
Net assets as of the end of the plan year	2022-03-31	1080994
Total assets as of the beginning of the plan year	2022-03-31	865685
Value of plan covered by a fidelity bond	2022-03-31	86569
Participant contributions to plan in this plan year	2022-03-31	27397
Value of participant loans at end of plan year	2022-03-31	26677
Other expenses paid from plan in this plan year	2022-03-31	0
Other contributions to plan in this plan year	2022-03-31	0
Other income to plan in this plan year	2022-03-31	134124
Plan net income in this plan year	2022-03-31	215309
Net assets as of the end of the plan year	2022-03-31	1080994
Net assets as of the beginning of the plan year	2022-03-31	865685
Employer contributions to plan in this plan year	2022-03-31	59732
Expensese paid to adminstrative service provicers from plan in this plan year	2022-03-31	5944

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Company Name:	JOHN B. SAER, MD, PHD, FACS
Employer identification number (EIN):	861054334
NAIC Classification:	621320
NAIC Description:	Offices of Optometrists