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1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 401k Plan overview

Plan Name1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN
Plan identification number 001

1-800 CONTACTS, INC. RETIREMENT AND SAVINGS 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.
  • 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

1-800 CONTACTS, INC. has sponsored the creation of one or more 401k plans.

Company Name:1-800 CONTACTS, INC.
Employer identification number (EIN):870571643
NAIC Classification:454110
NAIC Description:Electronic Shopping and Mail-Order Houses

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01MAX NEVES
0012011-01-01MAX NEVES
0012010-01-01MAX NEVES
0012009-01-01MAX NEVES
0012009-01-01MAX NEVES

Plan Statistics for 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN

401k plan membership statisitcs for 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN

Measure Date Value
2012: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01876
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01834
Total number of active participants reported on line 7a of the Form 55002011-01-01697
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01179
Total of all active and inactive participants2011-01-01876
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01876
Number of participants with account balances2011-01-01774
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0176
2010: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01854
Total number of active participants reported on line 7a of the Form 55002010-01-01651
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01183
Total of all active and inactive participants2010-01-01834
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01834
Number of participants with account balances2010-01-01749
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-01101
2009: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01654
Total number of active participants reported on line 7a of the Form 55002009-01-01854
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-01854
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01854
Number of participants with account balances2009-01-01663
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0126

Financial Data on 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN

Measure Date Value
2012 : 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2012 401k financial data
Total transfer of assets from this plan2012-12-31$13,744,804
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$4,187,423
Total of all expenses incurred2012-12-31$993,656
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$978,608
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$2,705,380
Value of total assets at end of year2012-12-31$0
Value of total assets at beginning of year2012-12-31$10,551,037
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$15,048
Total interest from all sources2012-12-31$116
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$339,468
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$339,468
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,741,900
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$15,808
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$125,335
Administrative expenses (other) incurred2012-12-31$15,048
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$3,193,767
Value of net assets at end of year (total assets less liabilities)2012-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$10,551,037
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$9,699,013
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$816,333
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$816,333
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$116
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,142,459
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$838,145
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$19,883
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$978,608
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31KPMG, LLP
Accountancy firm EIN2012-12-31135565207
2011 : 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$1,649,012
Total of all expenses incurred2011-12-31$502,903
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$482,545
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,075,997
Value of total assets at end of year2011-12-31$10,551,037
Value of total assets at beginning of year2011-12-31$9,404,928
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$20,358
Total interest from all sources2011-12-31$1,464
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$272,426
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$272,426
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,354,926
Participant contributions at end of year2011-12-31$15,808
Participant contributions at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$55,819
Administrative expenses (other) incurred2011-12-31$20,358
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,146,109
Value of net assets at end of year (total assets less liabilities)2011-12-31$10,551,037
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$9,404,928
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$9,699,013
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$8,678,708
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$816,333
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$716,605
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$716,605
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$1,464
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-700,875
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$665,252
Employer contributions (assets) at end of year2011-12-31$19,883
Employer contributions (assets) at beginning of year2011-12-31$9,615
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$482,545
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31KPMG, LLC
Accountancy firm EIN2011-12-31135565207
2010 : 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$3,082,709
Total of all expenses incurred2010-12-31$370,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$343,092
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,948,811
Value of total assets at end of year2010-12-31$9,404,928
Value of total assets at beginning of year2010-12-31$6,692,483
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$27,172
Total interest from all sources2010-12-31$84
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$190,270
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$190,270
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,235,707
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$69,601
Administrative expenses (other) incurred2010-12-31$27,172
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$2,712,445
Value of net assets at end of year (total assets less liabilities)2010-12-31$9,404,928
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,692,483
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$8,678,708
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,897,011
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$194,125
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$716,605
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$601,347
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$601,347
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$84
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$939,367
Net investment gain/loss from pooled separate accounts2010-12-31$4,177
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$643,503
Employer contributions (assets) at end of year2010-12-31$9,615
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$343,092
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31KMPG, LLC
Accountancy firm EIN2010-12-31135565207
2009 : 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN

2012: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: 1-800 CONTACTS, INC. RETIREMENT AND SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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