401(k) · DOL Form 5500 · 2024

Optech, LLC 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
217
Participants Below avg headcount
51st
Percentile by assets National rank
$37,091
Avg per participant Low balance/head
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Official DOL plan name: Optech LLC 401(k) Profit Sharing Plan and Trust · Sponsored by Optech, LLC · Michigan · Professional & Technical Services

$8M in assets, 217 participants

Optech, LLC's Optech LLC 401(k) Profit Sharing Plan and Trust reported $8M in total assets and 217 participants in its 2024 DOL Form 5500 filing, ranking in the 51st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #9,940 in Professional & Technical Services (20,173 peers)

Coverage in Michigan

Optech LLC 401(k) Profit Sharing Plan and Trust covers 217 participants in Michigan, about 34% of the average Michigan filer (state average ~638 per filing). Assets: $8M.

#9,940
in Professional & Technical Services (20,173 peers)
+167.5%
assets growth YoY

Optech LLC 401(k) Profit Sharing Plan and Trust's mid-pack asset rank among Professional & Technical Services and all filers

Optech LLC 401(k) Profit Sharing Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$8,048,673 Top 49% higher than 51% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Optech LLC 401(k) Profit Sharing Plan and Trust among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Optech LLC 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (217 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Optech LLC 401(k) Profit Sharing Plan and Trust reported net income rose from $706K in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Optech LLC 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $3M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Optech LLC 401(k) Profit Sharing Plan and Trust reported participants rose from 143 in the plan year 2023 filing to 217 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 383460326 · Optech, LLC PY 2024 · 401(k)

Optech LLC 401(k) Profit Sharing Plan and Trust · $8M · 217 · 51st

  • PCT $8M
  • EIN 217
  • RANK 51st
  • PHOTO 401(k)
  • IND near National Power 401(k) Plan
  • EOY ind #9940

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Michigan →

Optech LLC 401(k) Profit Sharing Plan and Trust in the asset neighbourhood

Optech LLC 401(k) Profit Sharing Plan and TrustOptech LLC 401(k) Profit Sha…$8MNational Power 401(k) Plan$8MBest Lighting Products, Inc. 401(k) PlanBest Lighting Products, Inc.…$8MOriol Holding Inc. 401(k) PlanOriol Holding Inc. 401(k) Pl…$8MMilan Institute Profit Sharing 401(k) PlanMilan Institute Profit Shari…$8M
End-of-year total assets ($M) among Optech LLC 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$8M
Net Income$5M
Employer EIN383460326
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Optech, LLC)

Sponsor-wide plan assets over time

All Optech, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$8M 249.53532365358942% vs 2022
2024 filing year
$0M$2M$4M$6M$8M$10M 202220232024 $2.3M $8.05M ▲ +250.0%
Year Plans Participants Total Assets
2022 1 169 $2M
2023 1 143 $3M
2024 1 217 $8M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Optech LLC 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Optech LLC 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.008048673 · Participants: 217Optech LLC 401(k) Profit Sharing Plan and TrustGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Optech LLC 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Optech LLC 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

Optech LLC 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is National Power 401(k) Plan in NC ($8M); by covered participants it is Bell Pump Service Company, Inc. 401(k) Profit Sharing Plan in CT (217 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (217 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Optech LLC 401(k) Profit Sharing Plan and Trust assets move in 2024? ▼
Optech LLC 401(k) Profit Sharing Plan and Trust surged - up 167.5% during 2024, from $3M to $8M. Reported net income was $5M.
How have Optech, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Optech, LLC's sponsor-wide assets grew 249.5%, from $2M to $8M.
Which 401(k) plans are similar in size to Optech LLC 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is National Power 401(k) Plan in NC ($8M, 252 participants).
Which 401(k) plans cover a similar participant headcount to Optech LLC 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Bell Pump Service Company, Inc. 401(k) Profit Sharing Plan in CT (217 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 383460326.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.