Plan Snapshot
- Plan Sponsor: Otics Usa, INC.
- Sponsor EIN: 621862921
- Sponsor Address: 5555 INTERSTATE VIEW DR, MORRISTOWN, TN, 378133780
- Plan Type: 401(k)
- Total Participants: 386
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 386 | $10.9M | $554,346 | $941,571 |
| 2023 | 349 | $9.6M | $498,934 | $864,583 |
| 2022 | 321 | $7.3M | $403,256 | $764,059 |
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 |
|---|---|---|---|---|
| CRANE, THOMPSON, & JONES | Auditor | — | — | $0 |
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 | $16,674 | — | $16,674 | — | — |
| 2023 | $6,805 | — | $6,805 | — | — |
| 2022 | $8,839 | — | $8,839 | — | — |