Plan5500

Optimum Controls Corporation Employee Benefit Plan — Form 5500 plan (Optimum Controls Corporation)

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, Optimum Controls Corporation Employee Benefit Plan is a benefit plan reported by Optimum Controls Corporation under EIN 52-1437280 and plan number 501. The latest loaded filing year is 2023. The filing reports 82 participants and $57,235 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Optimum Controls Corporation
EIN
52-1437280
Plan number
501
Plan type
2
Location
Reading, PA
Latest filing year
2023
Participants
82
End-of-year plan assets
$57,235

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202382I, C20240718135833NAL0009347648001

Reported financial statement (2023 · Schedule I)

Net assets

Total assets (EOY)
$57,235
Total liabilities (EOY)
$106,200
Net assets (EOY)
-$48,965
Net assets (BOY)
-$70,540

Income & contributions

Employer contributions
$654,741
Participant contributions
$133,778
Total income / additions
$792,709

Expenses & distributions

Benefits paid
$521,059
Administrative expenses
$5,844
Total expenses
$771,134
Net increase / (decrease)
$21,575

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Patriot (Power-Kunkle Group, Inc.)BROKER$32,873not reported in the loaded dataset2023
The Benecon Group, LLCBROKER$18,478not reported in the loaded dataset2023
Capital BluecrossADMIN$5,844not reported in the loaded dataset2023
Connectcare3PATIENT ADVOCATE$5,221not reported in the loaded dataset2023

Related Form 5500 pages