Plan Snapshot
- Plan Sponsor: Shoals Technologies Group, LLC
- Sponsor EIN: 900346780
- Sponsor Address: 1400 SHOALS WAY, PORTLAND, TN, 371484666
- Plan Type: 401(k)
- Total Participants: 960
- 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 | 960 | $5.8M | $1.3M | $1.4M |
| 2023 | 476 | $4.0M | $545,743 | $1.1M |
| 2022 | 446 | $1.9M | $343,445 | $680,529 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $7,041 | — | $7,041 |
| HAM, LANGSTON & BREZINA, L.L.P. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAM, LANGSTON & BREZINA, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,041
- Estimated Expense Ratio: 0.121% 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 |
|---|---|---|---|---|---|
| 2024 | $7,041 | — | $7,041 | — | — |
| 2023 | $3,675 | — | $3,675 | — | — |
| 2022 | $3,462 | — | $3,462 | — | — |