Plan Ledger DOL Form 5500 · updated monthly

Optipro Systems, LLC401(k)

OPTIPRO SYSTEMS, LLC 401(K) SAVINGS PLAN · ONTARIO, NY · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Optipro Systems, LLC reported $5,109 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,203 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 rose from 0.02% to 0.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New York (3,806th of 5,648), and 9,356th of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 105 to 128 since 2022.

Plan summary
Net assets, end of year$8,700,252
Participants with balances130
Active participants128
Employer contributions$282,041
Employee contributions$648,381
Employer contribution per active participant$2,203
Average account balance$66,925
Benefits paid to participants$1,140,424
Plan auditUnmodified (clean) audit opinion
AuditorALAN RICH CPA
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 130 accts · $282K emplr
2023$7.7M · 134 accts · $226K emplr
2022$5.9M · 115 accts · $201K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,109
Total administrative$5,109
The Optipro Systems, LLC 401(k) match · 2024
Employer contribution per active participant$2,203
Median for plans this size$1,313
2024$2,203 per active participant
2023$1,948 per active participant
2022$1,915 per active participant

Optipro Systems, LLC's 2024 employer contribution ran above the $1,313 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
EMPOWER ADVISORY GROUP LLC · Investment management$2,834

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$5,109 · 0.06%
2023$1,556 · 0.02%
2022$1,068 · 0.02%
Same employer
Similar plansManufacturing · New York
Framerica Corporation NY$8.9M · 0.46%
Anderson Precision Inc NY$8.9M · 0.03%
Attenti US, Inc NY$8.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263586286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.