Plan Ledger DOL Form 5500 · updated monthly

Solar Energy World, LLC401(k)

SOLAR ENERGY WORLD, LLC 401(K) PLAN · LAUREL, MD · plan year 2024

Reported admin expense ratio · 2024
0.90%

Solar Energy World, LLC reported $25,045 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. 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 0.52% to 0.90%. 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 Maryland (1,417th of 1,671), and 4,471st of 5,337 in construction.

Plan summary
Net assets, end of year$3,197,686
Participants with balances149
Active participants286
Employer contributions—
Employee contributions$751,555
Employer contribution per active participant—
Average account balance$21,461
Benefits paid to participants$226,641
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$3.2M · 149 accts
2022$1.7M · 60 accts · $171 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,045
Total administrative$25,045
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$25,045
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp

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

Administrative cost history2
2024$25,045 · 0.90%
2022$8,749 · 0.52%
Same employer
Similar plansConstruction · Maryland
Brothers Services Company MD$3.3M · 1.53%
Reliant Drywall MD$3.3M · 0.23%
Capitol Drywall, Inc. MD$3.0M · 0.02%
Triangle Contracting LLC MD$3.0M · 2.03%
Seh Excavating, Inc. MD$3.0M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320284821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.