Imperial Optical Midco Inc. 401(k) Review & Grade
Keplr Vision 401(k) Plan
Bloomington, ILRetail Trade2,946 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,634Employer $ per active participant
$3,355Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$83.0MNet plan assets, end of year
$50,210Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 11th |
| Employee saving | 71th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Imperial Optical Midco put in about $1,634 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.55% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,814,981 |
| Participant (employee) contributions | $9,884,947 |
| Other contributions (incl. rollovers in) | $456,647 |
| Administrative expenses paid from the plan | $421,292 |
| Investment advisory & management fees | $93,472 |
| Other admin expenses | $59,176 |
| Benefits paid out | $10,384,342 |
| Net assets, start / end of year | $69.1M / $83.0M |
| Active participants, start / end of year | 3,052 / 2,840 |
| Participants with account balances | 1,654 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Striegel Knobloch & Company, LLC |
Largest service providers (Schedule C)
| Pension Corporation of America | $327,820 reported compensation |
| Pca Investment Advisory Services | $93,472 reported compensation |
| Charles Schwab Trust Bank | $24,978 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910121336NAL0021115457001, received 2025-09-10, EIN 82-4641344, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.