Plan Ledger DOL Form 5500 · updated monthly

Optimus Health Care, Inc.403(b)

SECTION 403(B) RETIREMENT PLAN FOR OPTIMUS HEALTH CARE, INC. · BRIDGEPORT, CT · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Optimus Health Care, Inc. reported $66,306 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $2,732 per active participant. 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 0.46% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 443rd-largest of 1,106 plans among Connecticut employers on file, and the 2,886th of 11,911 in health care & social assistance. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has shrunk from 403 to 356 since 2022.

Plan summary
Net assets, end of year$28,573,268
Participants with balances394
Active participants356
Employer contributions$972,447
Employee contributions$1,202,099
Employer contribution per active participant$2,732
Average account balance$72,521
Benefits paid to participants$2,196,005
Plan auditUnmodified (clean) audit opinion
AuditorWHITTLESEY
Plan history3
Yearassets · accounts · employer contribution
2024$28.6M · 394 accts · $972K emplr
2023$25.5M · 381 accts · $789K emplr
2022$24.0M · 476 accts · $817K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,979
Investment management$52,327
Total administrative$66,306
Employer contributions to the Optimus Health Care, Inc. plan · 2024
Employer contribution per active participant$2,732
Median for plans this size$2,416
2024$2,732 per active participant
2023$2,097 per active participant
2022$2,028 per active participant

Optimus Health Care, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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 · 20242
KESTRA ADVISORY SERVICES LLC · Investment advisory (plan)$52,327

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

Administrative cost history3
2024$66,306 · 0.25%
2023$66,378 · 0.27%
2022$103,884 · 0.46%
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Jewish Senior Services CT$32.0M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060972166 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.