Plan Snapshot
- Plan Sponsor: Solesence, INC.
- Sponsor EIN: 363687863
- Sponsor Address: 1319 MARQUETTE DRIVE, ROMEOVILLE, IL, 604464011
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 154
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 154 | $6.3M | $0 | $0 |
| 2024 | 98 | $7.2M | $205,368 | $526,263 |
| 2023 | 78 | $5.9M | $190,525 | $469,693 |
| 2022 | 77 | $5.0M | $152,463 | $337,864 |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT ADVISORS | Other Service Provider | $600 | $21,540 | $22,140 |
| VOYA RETIREMENT INSURANCE AND ANNUI | Other Service Provider | $10,150 | — | $10,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,290
- Estimated Expense Ratio: 0.512% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $2,982,671 | — | — | — | — |
| 2024 | $355,334 | — | — | — | — |
| 2023 | $601,691 | — | — | — | — |
| 2022 | $62,736 | — | — | — | — |