# Thorlabs, INC. 401(k) Plan
Source: https://planprovider.pro/companies/thorlabs-inc-401k-plan

> Thorlabs, INC.&#39;s 401(k) plan: 1,734 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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