Plan Snapshot
- Plan Sponsor: Optometric Management Group, LLC
- Sponsor EIN: 311743421
- Sponsor Address: 9711 SAWMILL PKWY., UNIT C, POWELL, OH, 43065
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 154
- Total Assets: $6.3M
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 | 154 | $6.3M | $390,935 | $477,075 |
| 2023 | 114 | $4.4M | $282,608 | $413,490 |
| 2022 | 37 | $3.2M | $179,719 | $251,300 |
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 |
|---|---|---|---|---|
| TRANSAMERICA FINANCIAL LIFE INS | Recordkeeper | $35,441 | — | $35,441 |
| ADMIN. GROUP LLC DBA TAG RESOURCES | Recordkeeper | $17,792 | — | $17,792 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA FINANCIAL LIFE INS — Recordkeeper
- ADMIN. GROUP LLC DBA TAG RESOURCES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,233
- Estimated Expense Ratio: 0.841% 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 | $53,233 | — | — | — | — |
| 2023 | $302,948 | — | — | — | — |
| 2022 | $350,197 | — | — | — | — |