Plan Ledger DOL Form 5500 · updated monthly

Solaris Healthcare, Inc.401(k)

SOLARIS HEALTHCARE 401(K) PLAN · DECATUR, TX · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Solaris Healthcare, Inc. reported $24,177 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $943 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 0.31% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (3,452nd of 5,688), and 6,591st of 11,911 in health care & social assistance. In 2024, employees put in $1.83 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,679,809
Participants with balances423
Active participants480
Employer contributions$452,560
Employee contributions$826,037
Employer contribution per active participant$943
Average account balance$18,156
Benefits paid to participants$540,925
Plan auditUnmodified (clean) audit opinion
AuditorPSK LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 423 accts · $453K emplr
2023$6.2M · 379 accts · $415K emplr
2022$4.9M · 321 accts · $356K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,177
Total administrative$24,177
The Solaris Healthcare, Inc. 401(k) match · 2024
Employer contribution per active participant$943
Median for plans this size$1,313
2024$943 per active participant
2023$903 per active participant
2022$784 per active participant

Solaris Healthcare, Inc.'s 2024 employer contribution ran below the $1,313 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$4,516
VOYA RETIREMENT INS & ANNUITY CO. · Investment advisory (participants)$2,132
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)$2,132
LOREN D. STARK COMPANY · Other servicesindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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$24,177 · 0.35%
2023$22,412 · 0.40%
2022$16,467 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Lena Pope Home, Inc. TX$7.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200343868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.