Plan Ledger DOL Form 5500 · updated monthly

West Point Optical, LLC401(k)

WEST POINT OPTICAL, LLC RETIREMENT SAVINGS PLAN · MASON, OH · plan year 2024

Reported admin expense ratio · 2024
1.49%

West Point Optical, LLC reported $47,916 in plan administrative expenses for 2024: 1.49% of average plan assets, higher than ~90% of peers. 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 0.94% to 1.49%. 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 Ohio (2,743rd of 3,295), and 4,142nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$3,718,530
Participants with balances340
Active participants398
Employer contributions—
Employee contributions$1,180,688
Employer contribution per active participant—
Average account balance$10,937
Benefits paid to participants$478,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 340 accts
2023$2.7M · 279 accts
2022$1.5M · 249 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,741
Audit (IQPA)$14,175
Total administrative$47,916
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 · 20244
ADP, INC. · Loan processing · Recordkeeping$33,741
BENNETT THRASHER · Recordkeeping · Pension consulting$14,175
ADP BROKER-DEALER · Other servicesindirect comp
PARK AVENUE SECURITIES · 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, BENNETT THRASHER
2023ADP

This plan has changed recordkeepers within these filings. If you left West Point Optical, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,916 · 1.49%
2023$24,586 · 1.16%
2022$13,857 · 0.94%
Similar plansRetail Trade · Ohio
Gilligan Company OH$4.1M · 0.23%
Columbiana Foods, Inc. OH$4.1M · 0.72%
Vance Outdoors, Inc. OH$3.8M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465301472 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.