Retirement plan

OPTICSPLANET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: OPTICSPLANET, INC. - OPTICSPLANET, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: OPTICSPLANET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTICSPLANET, INC. 401(K) PROFIT SHARING PLAN AND TRUST, OPTICSPLANET, INC.

OPTICSPLANET, INC.EIN 36-4397726Plan #001PY 2024

3150 COMMERCIAL AVENUE - NORTHBROOK, IL 60062847-513-6201opticsplanet.comLinkedIn201-500 employeesretail

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.9M

+21.0% from 2023

Total participants

499

-8.3% from 2023

Average account balance

$32,456

+27.9% from 2023

Annual return

16.11%

-8.26 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.87M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$32K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

335

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

53.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$276

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
AURUM WEALTH MANAGEMENT GROUP2 years Service code 27 · EIN 20-2317470 6685 BETA DRIVE · MAYFIELD VILLAGE, OH 44143	Advisory (Plan)	$24,547
PLANTE & MORAN, PLLC1 year Filed as: PLANTE MORAN PLLC Service code 99 1098 WOODWARD AVE · DETROIT, MI 48226	Other Fees	$23,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INS SERVICES INC. Service code 13 PO BOX 632886 · CINCINNATI, OH 452632886	Contract Administrator	$14,087
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,535

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$93K

$262 / participant

Other / not subdivided$93K100.0%

% of EOY assets

0.852%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 331498605
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,456

$50,902-36.2%

$155,534-79.1%

$77,736-58.2%

Participation rate

53.7%

63.1%-9.4pp

78.2%-24.5pp

70.6%-16.9pp

Annual return

16.11%

34.85%-18.7pp

64.92%-48.8pp

31.26%-15.1pp

Employer contribution / active EE

$521

$1,991-73.9%

$4,675-88.9%

$2,728-80.9%

Participant deferral / active EE

$2,953

$2,824+4.6%

$5,630-47.6%

$4,651-36.5%

Admin fee / account holder

$276

$437-36.8%

$15,900-98.3%

$433-36.2%

Provider

Service type

Compensation

AURUM WEALTH MANAGEMENT GROUP2 years

Service code 27 · EIN 20-2317470

6685 BETA DRIVE · MAYFIELD VILLAGE, OH 44143

Advisory (Plan)

$24,547

PLANTE & MORAN, PLLC1 year

Filed as: PLANTE MORAN PLLC

Service code 99

1098 WOODWARD AVE · DETROIT, MI 48226

Other Fees

$23,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INS SERVICES INC.

Service code 13

PO BOX 632886 · CINCINNATI, OH 452632886

Contract Administrator

$14,087

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,535

OPTICSPLANET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTICSPLANET, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion