# Solero Technologies Shelby, LLC 401(k) Plan
Source: https://planprovider.pro/companies/kendrionshelby-inc-401k-plan

> Solero Technologies Shelby, LLC's 401(k) plan: 129 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Solero Technologies Shelby, LLC

- **Sponsor EIN:** 208284552

- **Sponsor Address:** 1100 AIRPORT ROAD, SHELBY, NC, 28150

- **Plan Type:** 401(k)

- **Total Participants:** 129

- **Total Assets:** $5.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|129|$5.8M|$180,866|$371,894|

| 2023|138|$5.2M|$161,886|$336,859|

| 2022|158|$4.9M|$160,076|$349,201|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| CROWE LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $0

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$20,639|$10,007|—|—|—|

| 2023|$15,941|$10,000|—|—|—|

| 2022|$18,157|—|—|—|—|

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