Retirement plan

OPTIKS SOLUTIONS, INC 401(K) PLAN

Name: OPTIKS SOLUTIONS, INC - OPTIKS SOLUTIONS, INC 401(K) PLAN (2020) Form 5500
Creator: OPTIKS SOLUTIONS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIKS SOLUTIONS, INC 401(K) PLAN, OPTIKS SOLUTIONS, INC

OPTIKS SOLUTIONS, INCEIN 81-4138513Plan #001PY 2020

15 CORPORATE PLACE SOUTH #105 - PISCATAWAY, NJ 08854732-703-6100optiksolutions.netLinkedIn11-50 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$177K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$190K

+399.6% from 2019

Total participants

+66.7% from 2019

Average account balance

$18,985

-0.1% from 2019

Annual return

61.13%

+61.13 pp from 2019

Benchmarks

See 9,165 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,165 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

146.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$276K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3155

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$6K

$655 / participant

Other / not subdivided$6K100.0%

% of EOY assets

3.105%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,985

$115,911-83.6%

$100,530-81.1%

$158,950-88.1%

Participation rate

100.0%

81.6%+18.4pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

61.13%

34.80%+26.3pp

30.89%+30.2pp

302.91%-241.8pp

Employer contribution / active EE

$8,313

$4,104+102.5%

$3,418+143.2%

$4,762+74.6%

Participant deferral / active EE

$6,634

$6,676-0.6%

$6,271+5.8%

$5,983+10.9%

Admin fee / account holder

$589

$10,999-94.6%

$8,083-92.7%

$11,248-94.8%

OPTIKS SOLUTIONS, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIKS SOLUTIONS, INC 401(K) 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