Plan Snapshot
- Plan Sponsor: O.P.E.N. America, INC. Dba Openworks
- Sponsor EIN: 860584561
- Sponsor Address: 2355 E. CAMELBACK RD., PHOENIX, AZ, 85016
- Plan Type: 401(k)
- Total Participants: 124
- Total Assets: $4.3M
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 | 124 | $4.3M | $245,325 | $652,003 |
| 2023 | 112 | $3.5M | $189,517 | $492,713 |
| 2022 | 108 | $2.6M | $147,116 | $418,290 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Recordkeeper | $15,683 | — | $15,683 |
| SWBC INVESTMENT | Other Service Provider | $5,119 | — | $5,119 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,802
- Estimated Expense Ratio: 0.481% of plan assets
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 | $20,802 | $5,119 | $15,683 | — | — |
| 2023 | $13,589 | $3,591 | $9,323 | — | — |
| 2022 | $17,236 | $10,612 | $6,624 | — | — |