Plan Snapshot
- Plan Sponsor: Solix, INC.
- Sponsor EIN: 223741663
- Sponsor Address: PO BOX 685, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 204
- Total Assets: $73.3M
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 | 204 | $73.3M | $0 | $0 |
| 2024 | 95 | $69.2M | $857,629 | $1.0M |
| 2023 | 101 | $61.4M | $910,221 | $1.1M |
| 2022 | 103 | $55.7M | $996,716 | $1.1M |
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 |
|---|---|---|---|---|
| UBS | Other Service Provider | $26,750 | — | $26,750 |
| WITHUM SMITH AND BROWN | Other Service Provider | $20,500 | — | $20,500 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $12,875 | — | $12,875 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,125
- Estimated Expense Ratio: 0.082% 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 | $8,543,393 | $12,875 | — | — | — |
| 2024 | -$3,279 | $10,488 | — | — | — |
| 2023 | -$3,526 | $10,689 | — | — | — |
| 2022 | $62,434 | $14,426 | — | — | — |