Retirement plan

OPTIKS SOLUTION, INC. DEFINED BENEFIT PLAN

Name: OPTIKS SOLUTION, INC. - OPTIKS SOLUTION, INC. DEFINED BENEFIT PLAN (2024) Form 5500
Creator: OPTIKS SOLUTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIKS SOLUTION, INC. DEFINED BENEFIT PLAN, OPTIKS SOLUTION, INC.

OPTIKS SOLUTION, INC.EIN 81-4138513Plan #002PY 2024

333 THORNALL STREET, SUITE 660 - EDISON, NJ 08837optiksolutions.netLinkedIn11-50 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$1.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$888K

+40.8% from 2023

Total participants

+22.2% from 2023

Average account balance

No prior year

Annual return

13.81%

-1.83 pp from 2023

Benchmarks

See 579 peers

Peer group

Industry51 - Information

Plan typeDefined benefit

Participants<25

Cohort579 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$888K

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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

0 years with headcount on file

Eligible Participants and Participation

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

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$170K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes1A1C3D

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$5K

$469 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.581%

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

$468,422-100.0%

$330,599-100.0%

Participation rate

0.0%

51.6%-51.6pp

30.5%-30.5pp

43.7%-43.7pp

Annual return

13.81%

6.49%+7.3pp

6.89%+6.9pp

13.05%+0.8pp

Employer contribution / active EE

$15,459

$48,281-68.0%

$43,868-64.8%

$37,664-59.0%

Participant deferral / active EE

$30-100.0%

$44-100.0%

$48-100.0%

Admin fee / account holder

$1,988-100.0%

$31,365-100.0%

OPTIKS SOLUTION, INC. DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIKS SOLUTION, INC. DEFINED BENEFIT 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