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.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)-$49KPlan net assets, end of year-$48,965
Participants82Covered participants reported
Assets / participant$698Computed: assets ÷ participants$698 (computed)
Provider compensation$62.4K4 Schedule C provider row(s)$62,416
- Plan sponsor
- Optimum Controls Corporation
- EIN
- 52-1437280
- Plan number
- 501
- Plan type
- 2
- Location
- Reading, PA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 82 | I, C | 20240718135833NAL0009347648001 |
Schedule I · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$57.2K total assets
Net assets-$49KLiabilities$106.2K
Full reported line items
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
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
83%17%
Employer 83%Participant 17%
Benefits paid ÷ total income66%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Patriot (Power-Kunkle Group, Inc.) | BROKER | $32,873 | not reported in the loaded dataset | 2023 |
| The Benecon Group, LLC | BROKER | $18,478 | not reported in the loaded dataset | 2023 |
| Capital Bluecross | ADMIN | $5,844 | not reported in the loaded dataset | 2023 |
| Connectcare3 | PATIENT ADVOCATE | $5,221 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Optimum Controls Corporation
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Reading, PA
- Patriot (Power-Kunkle Group, Inc.) — Schedule C compensation
- The Benecon Group, LLC — Schedule C compensation
- Capital Bluecross — Schedule C compensation
- Connectcare3 — Schedule C compensation