Plan Snapshot
- Plan Sponsor: Optim Orthopedics, LLC
- Sponsor EIN: 472413464
- Sponsor Address: 210 EAST DERENNE AVE, SAVANNAH, GA, 31405
- Plan Type: 401(k)
- Total Participants: 238
- Total Assets: $46.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 238 | $46.3M | $1.4M | $1.6M |
| 2023 | 203 | $39.7M | $1.7M | $1.5M |
| 2022 | 203 | $32.9M | $1.2M | $1.4M |
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 |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $38,494 | — | $38,494 |
| ENNIS, PELLUM & ASSOCIATES | ACCOUNTANT | $24,950 | — | $24,950 |
| HPM PARTNERS, LLC | INVESTMENT/FINANCIAL ADVI | $8,606 | — | $8,606 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- ENNIS, PELLUM & ASSOCIATES — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,050
- Estimated Expense Ratio: 0.156% 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 | $72,051 | $33,856 | — | — | — |
| 2023 | $72,221 | $36,265 | — | — | — |
| 2022 | $82,494 | — | — | — | — |