Plan Ledger DOL Form 5500 · updated monthly

Solace Healthcare, Inc.401(k)

SOLACE HEALTHCARE, INC. 401(K) PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Solace Healthcare, Inc. reported $122,868 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,065 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 0.71% to 0.85%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 605th-largest of 1,461 plans among Colorado employers on file, and the 4,213th of 11,911 in health care & social assistance. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 373 to 606 since 2022.

Plan summary
Net assets, end of year$16,468,779
Participants with balances464
Active participants606
Employer contributions$1,251,127
Employee contributions$2,328,176
Employer contribution per active participant$2,065
Average account balance$35,493
Benefits paid to participants$1,773,216
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 464 accts · $1.3M emplr
2023$12.5M · 480 accts · $1.1M emplr
2022$6.2M · 284 accts · $770K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,194
Investment management$82,674
Total administrative$122,868
The Solace Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$2,065
Median for plans this size$2,416
2024$2,065 per active participant
2023$1,793 per active participant
2022$2,065 per active participant

Solace Healthcare, Inc.'s 2024 employer contribution ran below 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 · 20245
AXA ADVISORS LLC · Investment advisory (plan)$49,539
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$22,265
RESOURCES INVESTMENT ADVISORS, LLC · Investment management$10,805
EMPOWER ADVISORY GROUP, LLC · Investment management$65

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$122,868 · 0.85%
2023$78,626 · 0.84%
2022$39,618 · 0.71%
Same employer
Similar plansHealth Care & Social Assistance · Colorado
Summitstone Health Partners CO$18.0M · 0.23%
Espire Dental Practice, LLC CO$17.2M · 0.65%
Orthocolorado Hospital CO$16.4M · 0.56%
Christian Living Communites CO$15.3M · 0.41%
Summit Pathology CO$15.0M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203023796 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.