# Optical Cable Corporation 401(k) Plan
Source: https://planprovider.pro/companies/optical-cable-corporation-401k-plan

> Optical Cable Corporation's 401(k) plan: 337 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| ANDERSON & REED, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ANDERSON & REED, LLP](https://planprovider.pro/provider/anderson-and-reed-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### 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|—|—|

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