Opus Inspection, Inc. 401(k) Review & Grade
Opus Inspection 401(k) Plan
East Granby, CTOther Services1,562 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,257Employer $ per active participant
$2,737Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$80.5MNet plan assets, end of year
$72,266Average balance per account
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 58th |
| Employee saving | 53th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,265 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Opus Inspection put in about $1,257 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,963,085 |
| Participant (employee) contributions | $4,273,518 |
| Other contributions (incl. rollovers in) | $1,714,126 |
| Administrative expenses paid from the plan | $140,089 |
| Contract administrator fees | $140,089 |
| Benefits paid out | $12,591,339 |
| Net assets, start / end of year | $74.8M / $80.5M |
| Active participants, start / end of year | 1,595 / 1,528 |
| Participants with account balances | 1,114 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $80,075 reported compensation |
| Smith Brothers Financial Services | $60,013 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251022145532NAL0001483889001, received 2025-10-22, EIN 74-3258141, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.