Plan Snapshot
- Plan Sponsor: Now Optics LLC
- Sponsor EIN: 823452493
- Sponsor Address: 1615 S CONGRESS AVE, DELRAY BEACH, FL, 33445
- Plan Type: 401(k)
- Total Participants: 1,124
- Total Assets: $9.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,124 | $9.1M | $0 | $2.6M |
| 2023 | 1,032 | $7.2M | $0 | $2.4M |
| 2022 | 948 | $5.4M | $499 | $2.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SMITH BUZZI & ASSOCIATES LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $61,203 | — | — | — | — |
| 2023 | $50,759 | — | — | — | — |
| 2022 | $45,642 | — | — | — | — |