Plan Snapshot
- Plan Sponsor: Optos INC.
- Sponsor EIN: 980192728
- Sponsor Address: 500 NICKERSON ROAD, MARLBOROUGH, MA, 01752
- Plan Type: 401(k)
- Total Participants: 275
- Total Assets: $41.7M
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 | 275 | $41.7M | $660,226 | $2.7M |
| 2023 | 242 | $36.3M | $593,968 | $2.6M |
| 2022 | 242 | $28.8M | $597,826 | $2.5M |
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 |
|---|---|---|---|---|
| BOIVIN & ASSOCIATES, CPAS, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOIVIN & ASSOCIATES, CPAS, PLLC — Auditor
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 | $44,079 | — | $300 | — | — |
| 2023 | $29,602 | — | — | — | — |
| 2022 | $75 | — | — | — | — |