Plan Ledger DOL Form 5500 · updated monthly

Canadian Solar USA Inc401(k)

CANADIAN SOLAR (USA) 401(K) PLAN · WALNUT CREEK, CA · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Canadian Solar USA Inc reported $40,846 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,814 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.07% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,765th-largest of 9,483 plans among California employers on file, and the 3,157th of 13,661 in manufacturing. In 2024, employees put in $1.33 for every $1.00 the employer contributed; active participation has grown from 217 to 2,009 since 2022.

Plan summary
Net assets, end of year$49,964,473
Participants with balances2,181
Active participants2,009
Employer contributions$5,653,365
Employee contributions$7,542,387
Employer contribution per active participant$2,814
Average account balance$22,909
Benefits paid to participants$3,778,897
Plan auditUnmodified (clean) audit opinion
AuditorSILICON VALLEY ACCOUNTANCY CORPORAT
Plan history3
Yearassets · accounts · employer contribution
2024$50.0M · 2,181 accts · $5.7M emplr
2023$33.3M · 704 accts · $2.1M emplr
2022$25.4M · 427 accts · $871K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,846
Total administrative$40,846
The Canadian Solar USA Inc 401(k) match · 2024
Employer contribution per active participant$2,814
Median for plans this size$2,416
2024$2,814 per active participant
2023$4,557 per active participant
2022$4,012 per active participant

Canadian Solar USA Inc's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$40,846

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,846 · 0.10%
2023$14,065 · 0.05%
2022$19,125 · 0.07%
Same employer
Similar plansManufacturing · California
Infinite Electronics, Inc. CA$51.5M · 0.11%
Nextracker, LLC. CA$51.1M · 0.12%
Atara Biotherapeutics, Inc. CA$48.9M · 0.21%
Scaled Composites, LLC CA$48.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 651307697 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.