Sunworks, Inc.401(k)
SUNWORKS 401(K) PLAN & TRUST · WILMINGTON, DE · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Sunworks, Inc. reported $53,674 in plan administrative expenses for 2023: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,593 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 1 year on file its reported administrative ratio rose from 1.03% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in Delaware (181st of 242), and 365th of 412 in utilities. In 2023, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 607 to 302 since 2022.
Sunworks, Inc.'s 2023 employer contribution ran above 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 010592299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.