Retirement plan

OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN

Name: OPTIMUM EMPLOYER SOLUTIONS - OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN (2024) Form 5500
Creator: OPTIMUM EMPLOYER SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN, OPTIMUM EMPLOYER SOLUTIONS

OPTIMUM EMPLOYER SOLUTIONSEIN 76-0828248Plan #001PY 2024

2530 RED HILL AVE, SUITE 200 - SANTA ANA, CA 92705949-650-7802

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$118.2M

+28.9% from 2023

Total participants

2,407

+60.9% from 2023

Average account balance

$54,612

-34.7% from 2023

Annual return

24.18%

-15.33 pp from 2023

Benchmarks

See 1,433 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,433 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$118.24M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

2,165

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.

81.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+24.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$269

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
SLAVIC INTEGRATED ADMINISTRATION8+ years Service code 15 · EIN 65-0608221	Recordkeeping	$430,760
SLAVIC INTEGRATED ADMINISTRATION8+ years Filed as: SLAVIC MUTUAL FUND MANAGEMENT Service code 28 · EIN 59-2749576	Investment Management	$98,823
OPTIMUM EMPLOYER SOLUTIONS8+ years Service code 13 · EIN 76-0828248	Contract Administrator	$43,025
JASON F CLAUSEN PC1 year Filed as: JASON F. CLAUSEN, P.C. Service code 10 · EIN 27-4097479	Accounting	$10,500

Plan features & details

Pension benefit codes2K2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$583K

$453 / participant

Investment mgmt$99K16.9%
Contract admin$474K81.3%
Other / not subdivided$11K1.8%

% of EOY assets

0.493%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JASON F. CLAUSEN, P.C.
Auditor EIN: 274097479
Audit fees: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,612

$53,254+2.6%

$155,574-64.9%

$199,921-72.7%

Participation rate

81.2%

64.1%+17.1pp

78.2%+3.0pp

72.0%+9.2pp

Annual return

24.18%

41.18%-17.0pp

64.87%-40.7pp

34.28%-10.1pp

Employer contribution / active EE

$2,971

$1,848+60.8%

$4,676-36.5%

$3,035-2.1%

Participant deferral / active EE

$7,931

$3,165+150.6%

$5,629+40.9%

$5,089+55.9%

Admin fee / account holder

$269

$186+45.1%

$15,914-98.3%

$269+0.1%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION8+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$430,760

SLAVIC INTEGRATED ADMINISTRATION8+ years

Filed as: SLAVIC MUTUAL FUND MANAGEMENT

Service code 28 · EIN 59-2749576

Investment Management

$98,823

OPTIMUM EMPLOYER SOLUTIONS8+ years

Service code 13 · EIN 76-0828248

Contract Administrator

$43,025

JASON F CLAUSEN PC1 year

Filed as: JASON F. CLAUSEN, P.C.

Service code 10 · EIN 27-4097479

Accounting

$10,500

OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIMUM EMPLOYER SOLUTIONS RETIREMENT PLAN

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