Plan Snapshot
- Plan Sponsor: Opta Group LP
- Sponsor EIN: 822687965
- Sponsor Address: BUILDING 210 14TH STREET, NEW KENSINGTON, PA, 15068
- Plan Type: 401(k)
- Total Participants: 502
- Total Assets: $34.9M
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 | 502 | $34.9M | $1.2M | $1.7M |
| 2023 | 251 | $27.3M | $906,962 | $1.3M |
| 2022 | 240 | $25.9M | $813,317 | $1.2M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $40,241 | — | $40,241 |
| COMMONWEALTH FINANCIAL NETWORK | ADVISOR | $35,000 | — | $35,000 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,153 | — | $12,153 |
| FREED MAXICK P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — ADVISOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,394
- Estimated Expense Ratio: 0.250% 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 | $87,395 | $47,153 | $1,869 | — | — |
| 2023 | $83,118 | $43,403 | $1,607 | — | — |
| 2022 | $76,633 | $6,410 | — | — | — |