Plan Snapshot
- Plan Sponsor: Optima Tax Relief, LLC
- Sponsor EIN: 272793788
- Sponsor Address: 6 HUTTON CENTRE DRIVE, SANTA ANA, CA, 92707
- Plan Type: 401(k)
- Total Participants: 363
- Total Assets: $15.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 363 | $15.9M | $432,472 | $1.5M |
| 2023 | 337 | $13.1M | $426,277 | $1.4M |
| 2022 | 509 | $10.7M | $437,247 | $1.6M |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
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 | $111,122 | — | $111,122 | — | — |
| 2023 | $68,640 | — | $65,217 | — | — |
| 2022 | $48,823 | — | $48,823 | — | — |