Plan Ledger DOL Form 5500 · updated monthly

Skyline Solar LLC401(k)

SKYLINE SOLAR LLC 401(K) PROFIT SHARING PLAN & TRUST · HAMILTON TOWNSHIP, NJ · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Skyline Solar LLC reported $22,471 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 3 years on file its reported administrative ratio has held roughly steady near 1.07%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New Jersey (2,099th of 2,419), and 4,683rd of 5,337 in construction. active participation has shrunk from 109 to 96 since 2022.

Plan summary
Net assets, end of year$2,463,206
Participants with balances160
Active participants96
Employer contributions$0
Employee contributions$297,622
Employer contribution per active participant$0
Average account balance$15,395
Benefits paid to participants$91,815
Plan auditUnmodified (clean) audit opinion
AuditorBEDERSON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 160 accts
2023$1.7M · 161 accts
2022$1.3M · 162 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,878
Investment management$7,733
Trustee / custodial$860
Total administrative$22,471
The Skyline Solar LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Skyline Solar LLC's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
PAYCHEX, INC. · Recordkeeping$14,906
THE PINNACLE FINANCIAL GROUP · Investment advisory (participants)$7,504

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

Recordkeeper by year2
2024Paychex
2023Paychex, THE PINNACLE FINANCIAL GROUP

This plan has changed recordkeepers within these filings. If you left Skyline Solar LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,471 · 1.07%
2023$20,744 · 1.38%
2022$13,487 · 1.06%
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Source: U.S. Department of Labor, Form 5500 series, EIN 274031553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.