Plan Snapshot
- Plan Sponsor: Superior Optical Labs, INC.
- Sponsor EIN: 640807765
- Sponsor Address: 6525 SUNPLEX DRIVE, OCEAN SPRINGS, MS, 39564
- Plan Type: 401(k)
- Total Participants: 140
- Total Assets: $2.8M
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 | 140 | $2.8M | $227,480 | $374,801 |
| 2023 | 133 | $2.2M | $253,680 | $369,133 |
| 2022 | 179 | $1.5M | $216,979 | $317,323 |
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 |
|---|---|---|---|---|
| ELEMENT WEALTH LLC | SERVICE PROVIDER | — | $13,816 | $13,816 |
| TMH, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELEMENT WEALTH LLC — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,816
- Estimated Expense Ratio: 0.493% 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 | $37,786 | $19 | $37,217 | — | — |
| 2023 | $31,611 | — | $29,179 | — | — |
| 2022 | $34,369 | $1,626 | $32,743 | — | — |