Plan Snapshot
- Plan Sponsor: Thorlabs, INC.
- Sponsor EIN: 222873153
- Sponsor Address: 43 SPARTA AVENUE, NEWTON, NJ, 07860
- Plan Type: 401(k)
- Total Participants: 1,734
- Total Assets: $149.9M
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 | 1,734 | $149.9M | $4.0M | $10.6M |
| 2023 | 1,597 | $123.3M | $3.6M | $9.3M |
| 2022 | 1,305 | $95.5M | $3.0M | $8.0M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | NONE | $146,148 | $571 | $146,719 |
| TRUSTMONT ADVISORY GROUP | NONE | $50,000 | — | $50,000 |
| COHNREZNICK, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $196,719
- Estimated Expense Ratio: 0.131% 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 | $196,148 | $50,000 | $146,148 | — | — |
| 2023 | $170,876 | $50,000 | $120,876 | — | — |
| 2022 | $173,158 | $49,999 | $123,159 | — | — |