Plan Ledger DOL Form 5500 · updated monthly

Superior Optical Labs, Inc.401(k)

SUPERIOR OPTICAL LABS, INC. 401(K) PLAN · OCEAN SPRINGS, MS · plan year 2024

Reported admin expense ratio · 2024
1.50%

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

Superior Optical Labs, Inc. reported $37,786 in plan administrative expenses for 2024: 1.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,625 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 2.45% to 1.50%. 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 Mississippi (291st of 367), and 12,398th of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has shrunk from 179 to 140 since 2022.

Plan summary
Net assets, end of year$2,803,959
Participants with balances151
Active participants140
Employer contributions$227,480
Employee contributions$374,801
Employer contribution per active participant$1,625
Average account balance$18,569
Benefits paid to participants$275,197
Plan auditUnmodified (clean) audit opinion
AuditorTMH, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 151 accts · $227K emplr
2023$2.2M · 137 accts · $254K emplr
2022$1.5M · 140 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,217
Investment management$19
Total administrative$37,786
The Superior Optical Labs, Inc. 401(k) match · 2024
Employer contribution per active participant$1,625
Median for plans this size$1,313
2024$1,625 per active participant
2023$1,907 per active participant
2022$1,212 per active participant

Superior Optical Labs, Inc.'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 · 20243
ELEMENT WEALTH LLCindirect comp
THE AIMPOINT GROUP, LLC · Other servicesindirect comp

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$37,786 · 1.50%
2023$31,611 · 1.71%
2022$34,369 · 2.45%
Same employer
Similar plansManufacturing · Mississippi
Hollowell Industries MS$3.7M · 0.07%
Behold Washington MS$2.7M · 0.30%
The Essmueller Company MS$2.7M · 0.91%
Hankins Lumber Co. Inc. MS$2.5M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640807765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.