Plan Ledger DOL Form 5500 · updated monthly

Sunation Solar Systems, Inc.401(k)

SUNATION SOLAR SYSTEMS, INC. 401(K) PLAN · RONKONKOMA, NY · plan year 2022

Reported admin expense ratio · 2022
1.56%

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

Sunation Solar Systems, Inc. reported $47,819 in plan administrative expenses for 2022: 1.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,269 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,906th of 5,648), and 10,539th of 11,654 in professional & technical services. In 2022, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,996,997
Participants with balances99
Active participants129
Employer contributions$163,657
Employee contributions$370,653
Employer contribution per active participant$1,269
Average account balance$30,273
Benefits paid to participants$96,457
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC AND ASSOCIATES, LLP
Administrative expenses, itemized · 2022
Investment management$47,819
Total administrative$47,819
The Sunation Solar Systems, Inc. 401(k) match · 2022
Employer contribution per active participant$1,269
Median for plans this size$1,114

Sunation Solar Systems, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$47,819 · 1.56%
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Source: U.S. Department of Labor, Form 5500 series, EIN 753118816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.