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FORM 5500 DATA

401k Profit Sharing Plan for Employees of Eye Associates of New Mexico, Ltd.

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan11/01/1976
  • Net Assets as of 12/31/2018 $43,625,748
  • Plan Number2
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants569
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits102
  • Subtotal671
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits3
  • Total674
  • Total number of participants as of 01/01/2018681
  • Number of participants with account balances670
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested5

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address8801 Horizon Blvd NE, Suite 360
  • CityAlbuquerque
  • StateNM
  • Zip87113
  • Telephone(505) 768-1348
  • EIN85-0246856
  • Industry Code621320
  • Named AdministratorJanice Young

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams LLP
  • Auditor EIN91-0189318
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $1,690,198
Contributions $3,506,913
Cash Contributions $3,506,913
Cash from Employers $1,097,059
Cash from Participants $2,386,466
Others (including rollovers) $23,388
Noncash Contributions $0
Total Earnings on Investments $-1,819,160
Total Interest $49,799
Interest-Bearing Cash $628
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $49,171
Interest from Other Investments $0
Total Dividends $399,200
Preferred Stock $0
Common Stock $8,663
Rents $0
Net gain (loss) on sale of assets $503
Aggregate Proceeds $92,315
Aggregate Carrying Amount $91,812
Total Unrealized Appreciation (depreciation) of assets $-49,710
Real Estate $0
Other $-49,710
Net investment gain (loss) from common/collective trusts $-82,433
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-2,136,519
Other Income $2,445
Expenses $1,520,728
Total Benefit Payments $1,333,420
Directly to participants or beneficiaries, including direct rollovers $1,333,420
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $14,667
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $172,641
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $172,641
Net Income $169,470
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $43,625,748 $43,456,278 0.39%
Total noninterest-bearing cash $90 $831 -89.17%
Receivables $743,302 $0 0.0%
Employer Contributions $743,302 $0 0.0%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $311,658 $321,740 -3.13%
Interest-bearing cash $311,658 $321,740 -3.13%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $421,699 $389,358 8.31%
Preferred $0 $0 0.0%
Common $421,699 $389,358 8.31%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $840,151 $895,825 -6.21%
Value of interest in common/collective trusts $16,770,464 $17,624,908 -4.85%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $24,538,384 $24,223,616 1.30%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $43,625,748 $43,456,278 0.39%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • American Funds
  • Artisan
  • Mainstay
  • Carillon Eagle
  • Dodge & Cox
  • T. Rowe Price
  • Vanguard

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Wells Fargo Bank, N.A. Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Other services, Direct payment from the plan, Sub-transfer agency fees, Float revenue, Distribution (12b-1) fees, Recordkeeping fees Service Provider $165,719 $0 $165,719
Bpw&C Investment advisory (plan), Direct payment from the plan Service Provider $10,735 $0 $10,735
Wells Fargo Advisors, LLC Securities brokerage, Securities brokerage commissions and fees Service Provider $18 $0 $18
Total $176,472 $0 $176,472

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

Name Position Explanation
Bpwc, LLC Merger With Moss Adams

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Wf/Blackrock S&P 500 Index Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $6,302,134
Wells Fargo Mfs Value Cit F Wells Fargo Bank, N.A DFE: Common/Collective Trust $3,158,023
Wells Fargo Stable Return Fund F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $2,722,055
Wells Fargo Blackrock Intl Eq Index Wells Fargo Bank, N.A. DFE: Common/Collective Trust $1,281,376
Wf/Blackrock S&P Mc Index Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $862,931
Wells Fargo Blackrock Ru 2000 Index Wells Fargo Bank, N.A. DFE: Common/Collective Trust $382,527
Wells Fargo Core Bond Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $314,012
Wf/Federated Totl Return Bond Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $312,967
Wf/Dodge & Cox Int Bond Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $312,426
Wells Fargo Multi-Manager Small Cap Wells Fargo Bank, N.A. DFE: Common/Collective Trust $203,184
Wf/Lazard Intl Equity Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $175,856
Wf/Causeway Intl Value Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $170,071
Wells Fargo T Rowe Price Inst Lgcap Wells Fargo Bank, N.A. DFE: Common/Collective Trust $164,520
Wf/Voya Large Cap Growth Cit F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $164,128
Wf/T Rowe Price Instl Eq Inc Mgd Wells Fargo Bank, N.A. DFE: Common/Collective Trust $161,805
Wells Fargo Growth Cit Class F Wells Fargo Bank, N.A. DFE: Common/Collective Trust $82,449
Total $16,770,464

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.