Plan Ledger DOL Form 5500 · updated monthly

Strata Solar, LLC401(k)

STRATA SOLAR 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.55%

Strata Solar, LLC reported $112,581 in plan administrative expenses for 2024: 0.55% 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 3 years on file its reported administrative ratio has held roughly steady near 0.548%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 681st-largest of 2,005 plans among North Carolina employers on file, and 256th of 412 in utilities. In 2024, employees put in $2.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,626,694
Participants with balances0
Active participants0
Employer contributions$1,302,571
Employee contributions$2,928,819
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$3,224,449
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · $1.3M emplr
2023$18.4M · 531 accts · $1.2M emplr
2022$12.7M · 500 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,862
Investment management$64,719
Total administrative$112,581
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 · 20244
REGIONS BANK DBA REGIONS TRUST · Investment advisory (plan)$26,969
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$21,462
EMPOWER ADVISORY GROUP, LLC · Investment management$16,288

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$112,581 · 0.55%
2023$86,538 · 0.56%
2022$68,901 · 0.55%
Same employer
Similar plansUtilities · North Carolina
Duke Energy Corporation NC$11.3B · 0.05%
Pine Gate Renewables, LLC NC$48.0M · 0.26%
Smart Wires Grid, Inc. NC$10.2M · 0.38%
Utili-Serve, LLC NC$9.8M · 0.82%
Lightserve Corporation NC$5.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263129600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.