Plan Snapshot
- Plan Sponsor: Solid Business Solutions, LLC
- Sponsor EIN: 454566093
- Sponsor Address: 1819 FIRST OAKS STREET, RICHMOND, TX, 77406
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $14.5M
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 | 218 | $14.5M | $616,607 | $1.0M |
| 2023 | 839 | $24.7M | $1.1M | $2.0M |
| 2022 | 752 | $17.2M | $896,793 | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | RECORDKEEPER | $56,063 | — | $56,063 |
| RAYMOND JAMES | INVESTMENT ADVISOR | $31,832 | — | $31,832 |
| METZ CPA,PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- METZ CPA,PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,895
- Estimated Expense Ratio: 0.606% 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 | $51,320 | — | $51,320 | — | — |
| 2023 | $67,689 | $42,350 | $25,339 | — | — |
| 2022 | $84,139 | $67,704 | $16,435 | — | — |