Plan Snapshot
- Plan Sponsor: Solero Technologies, LLC
- Sponsor EIN: 311232406
- Sponsor Address: 600 HWY 32 EAST, WATER VALLEY, MS, 38965
- Plan Type: 401(k)
- Total Participants: 369
- Total Assets: $15.3M
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. |
|---|---|---|---|---|
| 2024 | 369 | $15.3M | $2.0M | $1.9M |
| 2023 | 353 | $11.7M | $2.1M | $2.0M |
| 2022 | 354 | $7.2M | $1.6M | $1.6M |
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 | $59,744 | — | — | — | — |
| 2023 | $54,116 | $34,874 | — | — | — |
| 2022 | $24,200 | — | — | — | — |