Plan Snapshot
- Plan Sponsor: Optalis Professional Services, LLC
- Sponsor EIN: 842318500
- Sponsor Address: 25500 MEADOWBROOK RD, NOVI, MI, 48375
- Plan Type: 401(k)
- Total Participants: 4,097
- Total Assets: $32.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 4,097 | $32.1M | $9 | $4.3M |
| 2023 | 3,351 | $25.5M | $320,844 | $2.8M |
| 2022 | 2,759 | $19.6M | $174,187 | $1.5M |
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 | RETAINED BY EMPLOYER | $67,327 | — | $67,327 |
| MERRILL LYNCH | RETAINED BY EMPLOYER | $45,747 | — | $45,747 |
| PLANTE MORAN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK — RETAINED BY EMPLOYER
- MERRILL LYNCH — RETAINED BY EMPLOYER
- PLANTE MORAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $113,074
- Estimated Expense Ratio: 0.353% 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 | $113,074 | $45,747 | $67,327 | — | — |
| 2023 | $103,039 | $31,117 | $62,022 | $9,900 | — |
| 2022 | $58,247 | — | $11,075 | — | — |