Plan Ledger DOL Form 5500 · updated monthly

Sol Systems, LLC401(k)

SOL SYSTEMS 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Sol Systems, LLC reported $1,980 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,075 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 0.014% to 0.015%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in District of Columbia (377th of 618), and 2,312th of 4,246 in wholesale trade. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has grown from 103 to 140 since 2022.

Plan summary
Net assets, end of year$15,582,380
Participants with balances223
Active participants140
Employer contributions$710,556
Employee contributions$1,618,102
Employer contribution per active participant$5,075
Average account balance$69,876
Benefits paid to participants$440,806
Plan auditUnmodified (clean) audit opinion
AuditorPLANTE &MORAN PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.6M · 223 accts · $711K emplr
2023$11.4M · 198 accts · $576K emplr
2022$8.0M · 189 accts · $413K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,980
Total administrative$1,980
The Sol Systems, LLC 401(k) match · 2024
Employer contribution per active participant$5,075
Median for plans this size$2,416
2024$5,075 per active participant
2023$4,724 per active participant
2022$4,014 per active participant

Sol Systems, LLC's 2024 employer contribution ran above the $2,416 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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$1,980

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

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Administrative cost history3
2024$1,980 · 0.01%
2023$3,170 · 0.03%
2022$1,005 · 0.01%
Same employer
Similar plansWholesale Trade · District of Columbia
Alsum Farms & Produce, Inc. WI$15.6M · 0.42%
Dedc, Inc. FL$15.6M · 0.04%
Aviva Metals, Inc. TX$15.6M · 0.07%
Yakima Chief Hops, Inc WA$15.5M · 0.09%
Giant Bicycle Inc CA$15.5M · 0.48%
Hugh M. Cunningham, Inc. TX$15.5M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262596125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.