Plan Snapshot
- Plan Sponsor: Optimum Controls Corporation
- Sponsor EIN: 521437280
- Sponsor Address: 1044 MACARTHUR ROAD, READING, PA, 19605
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 81
- Total Assets: $150,714
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 81 | $150,714 | $0 | $0 |
| 2024 | 81 | $11,497 | $939,667 | $0 |
| 2023 | 81 | $57,235 | $654,741 | $133,778 |
| 2022 | 82 | $58,265 | $532,577 | $126,656 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP, LLC | Investment Advisor | $54,582 | — | $54,582 |
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $34,892 | — | $34,892 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,474
- Estimated Expense Ratio: 59.367% 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 |
|---|---|---|---|---|---|
| 2025 | $968,629 | — | — | — | — |
| 2024 | $1,018,255 | — | — | — | — |
| 2023 | $771,134 | — | — | — | — |
| 2022 | $655,612 | — | — | — | — |