Plan Ledger DOL Form 5500 · updated monthly

Now Optics LLC401(k)

NOW OPTICS LLC 401K PLAN · DELRAY BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.75%

Now Optics LLC reported $61,203 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.84% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (1,888th of 3,644), and 2,823rd of 5,215 in retail trade. active participation has grown from 948 to 1,124 since 2022.

Plan summary
Net assets, end of year$9,079,569
Participants with balances1,257
Active participants1,124
Employer contributions—
Employee contributions$2,579,162
Employer contribution per active participant—
Average account balance$7,223
Benefits paid to participants$1,715,885
Plan auditUnmodified (clean) audit opinion
AuditorSMITH BUZZI & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 1,257 accts
2023$7.2M · 1,145 accts
2022$5.4M · 1,111 accts · $499 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,203
Total administrative$61,203
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$61,203
ADP BROKER-DEALER · Other servicesindirect comp
WORK PLAN RETIRE · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$61,203 · 0.75%
2023$50,759 · 0.80%
2022$45,642 · 0.84%
Same employer
Similar plansRetail Trade · Florida
Dufry America, LLC FL$9.3M · 0.72%
Stadium, Inc. FL$9.1M · 0.47%
Petmed Express, Inc. FL$9.0M · 0.87%
Mike Erdman Motors, Inc. FL$8.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823452493 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.