Plan Ledger DOL Form 5500 · updated monthly

Trinity Solar, LLC401(k)

TRINITY SOLAR INC. 401(K) PLAN · WALL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Trinity Solar, LLC reported $115,501 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $587 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 fell from 0.94% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other utilities employers. By assets it is the 517th-largest of 2,419 plans among New Jersey employers on file, and the 172nd of 412 in utilities. In 2024, employees put in $6.45 for every $1.00 the employer contributed; active participation has grown from 1,911 to 2,725 since 2022.

Plan summary
Net assets, end of year$59,966,056
Participants with balances2,815
Active participants2,725
Employer contributions$1,599,929
Employee contributions$10,315,853
Employer contribution per active participant$587
Average account balance$21,302
Benefits paid to participants$4,291,158
Plan auditUnmodified (clean) audit opinion
AuditorBKC, CPA'S, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$60.0M · 2,815 accts · $1.6M emplr
2023$46.0M · 2,697 accts · $1.7M emplr
2022$32.4M · 2,127 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Investment management$115,501
Total administrative$115,501
The Trinity Solar, LLC 401(k) match · 2024
Employer contribution per active participant$587
Median for plans this size$3,635
2024$587 per active participant
2023$704 per active participant
2022$557 per active participant

Trinity Solar, LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20244
NATIONWIDE · Recordkeeping$230,169
PREFERRED PENSION PLANNING · Recordkeeping$89,400
PROACCOUNT · Investment advisory (participants)$20,337
LIBERTY PARTNERS FINANCE SERVICE · Insurance brokerindirect comp

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

Recordkeeper by year2
2024Nationwide, PREFERRED PENSION PLANNING
2023Nationwide, PREFERRED PENSION PLANNING

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$115,501 · 0.22%
2023$331,367 · 0.84%
2022$308,232 · 0.94%
Same employer
Similar plansUtilities · New Jersey
Ls Power Development, LLC NJ$139.0M · 0.01%
Middlesex Water Co. NJ$78.4M · 0.01%
Joseph Jingoli & Son, Inc. NJ$65.7M · 0.36%
Local Union 94 I.B.E.W. NJ$24.1M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223292324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.