Plan Snapshot
- Plan Sponsor: Optima Chemical Group, LLC
- Sponsor EIN: 582264211
- Sponsor Address: 200 WILLAHOOCHEE HIGHWAY, DOUGLAS, GA, 31533
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $10.3M
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 | 125 | $10.3M | $450,752 | $546,165 |
| 2023 | 121 | $9.1M | $287,859 | $534,904 |
| 2022 | 125 | $8.5M | $432,419 | $455,614 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | BROKER/ADVISER | — | $22,645 | $22,645 |
| CLEMENTS, PURVIS & STEWART, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $22,645
- Estimated Expense Ratio: 0.221% 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 | $2,139 | — | $2,139 | — | — |
| 2023 | $1,570 | — | $1,570 | — | — |
| 2022 | -$2,687 | — | -$2,687 | — | — |