Plan Snapshot
- Plan Sponsor: Optical Cable Corporation
- Sponsor EIN: 541237042
- Sponsor Address: PO BOX 11967, ROANOKE, VA, 240221967
- Plan Type: 401(k)
- Total Participants: 337
- Total Assets: $20.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 337 | $20.2M | $52,205 | $955,579 |
| 2023 | 314 | $18.7M | $52,218 | $905,570 |
| 2022 | 323 | $16.7M | $53,598 | $899,106 |
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 |
|---|---|---|---|---|
| CREATIVE PLANNING, INC. | Investment Advisor | — | $35,418 | $35,418 |
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $7,462 | — | $7,462 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,880
- Estimated Expense Ratio: 0.212% 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 | $42,883 | $35,421 | $7,462 | — | — |
| 2023 | $41,259 | $33,131 | $8,128 | — | — |
| 2022 | $39,103 | $31,786 | $7,317 | — | — |