Plan Snapshot
- Plan Sponsor: Optimum Employer Solutions
- Sponsor EIN: 760828248
- Sponsor Address: 2530 RED HILL AVE, SANTA ANA, CA, 92705
- Plan Type: 401(k)
- Total Participants: 1,288
- Total Assets: $118.2M
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 | 1,288 | $118.2M | $3.8M | $10.2M |
| 2023 | 877 | $91.7M | $3.2M | $9.2M |
| 2022 | 1,717 | $61.4M | $2.6M | $7.3M |
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 |
|---|---|---|---|---|
| JASON F. CLAUSEN, P.C. | Auditor | $10,500 | — | $10,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,500
- Estimated Expense Ratio: 0.009% 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 | $583,108 | $98,823 | $473,785 | $10,500 | — |
| 2023 | $451,366 | $51,764 | $399,602 | — | — |
| 2022 | $352,530 | $35,007 | $317,523 | — | — |