Plan Snapshot
- Plan Sponsor: Optimus Steel LLC
- Sponsor EIN: 824229324
- Sponsor Address: 25219 KUYKENDAHL ROAD, SUITE 290, THE WOODLANDS, TX, 77375
- Plan Type: 401(k)
- Total Participants: 262
- Total Assets: $13.8M
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 | 262 | $13.8M | $916,713 | $1.4M |
| 2023 | 248 | $11.9M | $828,933 | $1.3M |
| 2022 | 244 | $9.9M | $836,103 | $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 |
|---|---|---|---|---|
| MORGAN STANLEY INS SVC I | Investment Advisor | — | $33,105 | $33,105 |
| EMPOWER ANNUITY INS CO OF AMER | Recordkeeper | $32,269 | — | $32,269 |
| MY BENEFITS LLC | Recordkeeper | $14,208 | $6,002 | $20,210 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,584
- Estimated Expense Ratio: 0.622% 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 | $40,076 | $40,076 | — | — | — |
| 2023 | $5,454 | $5,454 | — | — | — |
| 2022 | $43,802 | $43,802 | — | — | — |