Plan Snapshot
- Plan Sponsor: Opticsplanet, INC.
- Sponsor EIN: 364397726
- Sponsor Address: 3150 COMMERCIAL AVENUE, NORTHBROOK, IL, 60062
- Plan Type: 401(k)
- Total Participants: 354
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 354 | $10.9M | $184,317 | $1.0M |
| 2023 | 399 | $9.0M | $239,786 | $1.2M |
| 2022 | 491 | $6.5M | $321,309 | $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 |
|---|---|---|---|---|
| AURUM WEALTH MANAGEMENT GROUP | INVESTMENT ADVISOR | $24,547 | — | $24,547 |
| PLANTE MORAN PLLC | OTHER | $23,000 | — | $23,000 |
| CBIZ BENEFITS & INS SERVICES INC. | CONTRACT ADMIN | $14,087 | — | $14,087 |
| PLANTE & MORAN, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,634
- Estimated Expense Ratio: 0.567% 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 | $92,582 | — | — | — | — |
| 2023 | $41,956 | — | — | — | — |
| 2022 | $25,043 | $25,043 | — | — | — |