2023 Form 5500 filing — Optima Tax Relief, LLC 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240920121219NAL0004424803001) for Optima Tax Relief, LLC 401(K) Profit Sharing Plan, reported by Optima Tax Relief, LLC under EIN 27-2793788 and plan number 001. It reports 625 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240920121219NAL0004424803001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Optima Tax Relief, LLC
- EIN
- 27-2793788
- Plan number
- 001
- Location
- Santa Ana, CA
- Participants
- 625
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,056,566
- Total liabilities (EOY)
- $27,039
- Net assets (EOY)
- $13,029,527
- Employer contributions
- $426,277
- Participant contributions
- $1,414,452
- Total income / additions
- $3,827,462
- Benefits paid
- $1,396,169
- Administrative expenses
- $68,640
- Total expenses
- $1,491,848
- Net increase / (decrease)
- $2,335,614
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fiduciary Outsourcing, LLC | PLAN ADMINISTRATOR | $21,695 | $0 |
| Fiduciary Outsourcing, LLC | PLAN ADMINISTRATOR | $12,504 | not reported in the loaded dataset |
| Transamerica Life Insurance Company | RECORDKEEPER | $12,014 | $0 |
| Transamerica Retirement Solutions | RECORDKEEPER | $7,210 | $0 |
| Fiduciary Outsourcing Dba Pma | TPA | $1,765 | $0 |