Plan Snapshot
- Plan Sponsor: Refac Optical Group
- Sponsor EIN: 131681234
- Sponsor Address: 1 HARMON DR., BLDG A, BLACKWOOD, NJ, 08012
- Plan Type: 401(k)
- Total Participants: 542
- Total Assets: $22.3M
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 | 542 | $22.3M | $0 | $808,376 |
| 2023 | 1,029 | $21.5M | $0 | $945,263 |
| 2022 | 745 | $20.2M | $0 | $963,878 |
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 |
|---|---|---|---|---|
| CBIZ CPAS P.C. | Auditor | $18,025 | — | $18,025 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,025
- Estimated Expense Ratio: 0.081% 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 | $53,600 | $716 | — | $18,025 | — |
| 2023 | $41,908 | $78 | — | $16,995 | — |
| 2022 | $35,988 | — | — | — | $35,988 |