Plan Snapshot
- Plan Sponsor: Solomonedwardsgroup, LLC
- Sponsor EIN: 233010383
- Sponsor Address: 1255 DRUMMERS LANE, WAYNE, PA, 190871565
- Plan Type: 401(k)
- Total Participants: 394
- Total Assets: $38.4M
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 | 394 | $38.4M | $330,915 | $2.5M |
| 2023 | 386 | $39.3M | $355,256 | $3.1M |
| 2022 | 443 | $34.1M | $292,325 | $2.8M |
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 |
|---|---|---|---|---|
| KREISCHER MILLER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KREISCHER MILLER — Auditor
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 | $154,474 | $63,824 | $90,650 | — | — |
| 2023 | $190,204 | $80,684 | $109,520 | — | — |
| 2022 | $173,976 | $71,224 | $102,752 | — | — |