Plan Ledger DOL Form 5500 · updated monthly

Solesis, LLC401(k)

SOLESIS 401(K) PLAN · TELFORD, PA · plan year 2023

Reported admin expense ratio · 2023
0.16%

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

Solesis, LLC reported $58,226 in plan administrative expenses for 2023: 0.16% of average plan assets, below the peer median. Employer contributions averaged $3,613 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 0.18% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 952nd-largest of 3,651 plans among Pennsylvania employers on file, and the 3,655th of 13,661 in manufacturing. In 2023, employees put in $1.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,352,270
Participants with balances455
Active participants352
Employer contributions$1,271,854
Employee contributions$1,951,594
Employer contribution per active participant$3,613
Average account balance$88,686
Benefits paid to participants$1,815,568
Plan auditQualified audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 275 accts · $484K emplr
2023$40.4M · 455 accts · $1.3M emplr
2022$33.6M · 439 accts · $2.0M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$58,226
Total administrative$58,226
The Solesis, LLC 401(k) match · 2023
Employer contribution per active participant$3,613
Median for plans this size$2,440
2024$2,018 per active participant
2023$3,613 per active participant
2022$5,686 per active participant

Solesis, LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$58,226

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$29,759 · 0.26%
2023$58,226 · 0.16%
2022$59,273 · 0.18%
Same employer
Similar plansManufacturing · Pennsylvania
M&Q Packaging LLC PA$41.2M · 0.30%
Adhesives Research, Inc. PA$41.1M · 0.01%
Harrington Hoists, Inc. PA$41.1M · 0.27%
Iqe, Inc. PA$40.6M · 0.31%
Delphinus Engineering, Inc. PA$39.9M · 0.01%
Lafrance Corporation PA$39.9M · 0.20%
Kunzler & Company, Inc. PA$39.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 863837991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.