Plan Ledger DOL Form 5500 · updated monthly

Gamechange Solar Corp.401(k)

GAMECHANGE SOLAR CORP. 401(K) PLAN · NORWALK, CT · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Gamechange Solar Corp. reported $23,599 in plan administrative expenses for 2024: 0.53% of average plan assets, above the peer median. Employer contributions averaged $2,739 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 0.05% to 0.53%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Connecticut (886th of 1,106), and 367th of 412 in utilities. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 192 to 292 since 2022.

Plan summary
Net assets, end of year$5,755,191
Participants with balances195
Active participants292
Employer contributions$799,841
Employee contributions$1,620,504
Employer contribution per active participant$2,739
Average account balance$29,514
Benefits paid to participants$764,360
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 195 accts · $800K emplr
2023$3.1M · 132 accts · $359K emplr
2022$1.2M · 96 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,059
Investment management$2,540
Total administrative$23,599
The Gamechange Solar Corp. 401(k) match · 2024
Employer contribution per active participant$2,739
Median for plans this size$1,313
2024$2,739 per active participant
2023$1,391 per active participant
2022$377 per active participant

Gamechange Solar Corp.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$2,540

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

Administrative cost history3
2024$23,599 · 0.53%
2023$8,223 · 0.38%
2022$531 · 0.05%
Same employer
Similar plansUtilities · Connecticut
Greenskies Clean Energy CT$8.0M · 0.43%
SUNENERGY1 LLC CT$6.5M · 0.57%
Sunworks, Inc. DE$5.9M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320384598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.