Plan Ledger DOL Form 5500 · updated monthly

Solvchem, Inc401(k)

SOLVCHEM, INC. 401K PLAN · PEARLAND, TX · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

Solvchem, Inc reported $21,971 in plan administrative expenses for 2023: 0.30% of average plan assets, below the peer median. Employer contributions averaged $1,219 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 has held roughly steady near 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Texas (3,476th of 5,688), and 4,220th of 4,798 in finance & insurance. In 2023, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,575,812
Participants with balances57
Active participants153
Employer contributions$186,565
Employee contributions$394,771
Employer contribution per active participant$1,219
Average account balance$132,909
Benefits paid to participants$1,251,735
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history2
Yearassets · accounts · employer contribution
2023$7.6M · 57 accts · $187K emplr
2022$7.3M · 107 accts · $184K emplr
The Solvchem, Inc 401(k) match · 2023
Employer contribution per active participant$1,219
Median for plans this size$1,308
2023$1,219 per active participant
2022$1,474 per active participant

Solvchem, Inc's 2023 employer contribution ran below the $1,308 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
NATIONWIDE · Recordkeeping · Participant communication$21,971

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

Administrative cost history2
2023$21,971 · 0.30%
2022$22,539 · 0.29%
Same employer
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Sure, Inc. TX$7.7M · 0.10%
First Community Bank TX$7.7M · 0.33%
Sente Mortgage TX$7.6M · 0.84%
American State Bank TX$7.6M · 1.09%
City Credit Union TX$7.5M · 0.14%
Pilgrim Bancorporation TX$7.5M · 0.10%
Hometown Bank, NA TX$7.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742182592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.