# Optalis Professional Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/optalis-professional-services-llc-401k-plan

> Optalis Professional Services, LLC's 401(k) plan: 4,097 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — RETAINED BY EMPLOYER

- [MERRILL LYNCH](https://planprovider.pro/provider/merrill-lynch) — RETAINED BY EMPLOYER

- [PLANTE MORAN](https://planprovider.pro/provider/plante-and-moran-pllc) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/optalis-professional-services-llc-401k-plan)

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