Optima Tax Relief, LLC 401(K) Profit Sharing Plan — Form 5500 plan (Optima Tax Relief, LLC)
Plain-English plan 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, Optima Tax Relief, LLC 401(K) Profit Sharing Plan is a benefit plan reported by Optima Tax Relief, LLC under EIN 27-2793788 and plan number 001. The latest loaded filing year is 2023. The filing reports 625 participants and $13,056,566 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Optima Tax Relief, LLC
- EIN
- 27-2793788
- Plan number
- 001
- Plan type
- 2
- Location
- Santa Ana, CA
- Latest filing year
- 2023
- Participants
- 625
- End-of-year plan assets
- $13,056,566
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 625 | H, C | 20240920121219NAL0004424803001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,056,566
- Total liabilities (EOY)
- $27,039
- Net assets (EOY)
- $13,029,527
- Net assets (BOY)
- $10,693,913
Income & contributions
- Employer contributions
- $426,277
- Participant contributions
- $1,414,452
- Total contributions
- $1,889,601
- Total income / additions
- $3,827,462
Expenses & distributions
- Benefits paid
- $1,396,169
- Administrative expenses
- $68,640
- Total expenses
- $1,491,848
- Net increase / (decrease)
- $2,335,614
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fiduciary Outsourcing, LLC | PLAN ADMINISTRATOR | $21,695 | $0 | 2023 |
| Fiduciary Outsourcing, LLC | PLAN ADMINISTRATOR | $12,504 | not reported in the loaded dataset | 2023 |
| Transamerica Life Insurance Company | RECORDKEEPER | $12,014 | $0 | 2023 |
| Transamerica Retirement Solutions | RECORDKEEPER | $7,210 | $0 | 2023 |
| Fiduciary Outsourcing Dba Pma | TPA | $1,765 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Optima Tax Relief, LLC
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Santa Ana, CA
- Fiduciary Outsourcing, LLC — Schedule C compensation
- Transamerica Life Insurance Company — Schedule C compensation
- Transamerica Retirement Solutions — Schedule C compensation
- Fiduciary Outsourcing Dba Pma — Schedule C compensation