Plan Ledger DOL Form 5500 · updated monthly

Solo Brands, LLC401(k)

SOLO BRANDS 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
1.07%

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

Solo Brands, LLC reported $111,305 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,545 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 0.19% to 1.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,778th-largest of 5,688 plans among Texas employers on file, and the 2,265th of 5,215 in retail trade. In 2024, employees put in $2.45 for every $1.00 the employer contributed; active participation has grown from 324 to 489 since 2022.

Plan summary
Net assets, end of year$12,075,066
Participants with balances533
Active participants489
Employer contributions$755,316
Employee contributions$1,852,947
Employer contribution per active participant$1,545
Average account balance$22,655
Benefits paid to participants$2,294,571
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.1M · 533 accts · $755K emplr
2023$8.8M · 378 accts · $674K emplr
2022$5.3M · 446 accts · $443K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,694
Investment management$27,611
Total administrative$111,305
The Solo Brands, LLC 401(k) match · 2024
Employer contribution per active participant$1,545
Median for plans this size$2,416
2024$1,545 per active participant
2023$1,984 per active participant
2022$1,367 per active participant

Solo Brands, LLC'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$83,694
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$23,450

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$111,305 · 1.07%
2023$76,522 · 1.09%
2022$6,197 · 0.19%
Same employer
Similar plansRetail Trade · Texas
Jim Bass Ford, Inc. TX$12.1M · 0.07%
Principle TX$12.1M · 0.59%
Frank Kent Cadillac, LLC TX$12.1M · 0.46%
Fruit of the Earth TX$12.0M · 0.16%
Norwex USA Inc. TX$11.8M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452545944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.