Plan Snapshot
- Plan Sponsor: Solution Services, INC.
- Sponsor EIN: 870632167
- Sponsor Address: 478 WEST 70 NORTH, AMERICAN FORK, UT, 84003
- Plan Type: 401(k)
- Total Participants: 365
- Total Assets: $9.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 365 | $9.0M | $260,049 | $734,020 |
| 2023 | 353 | $8.3M | $218,051 | $625,002 |
| 2022 | 252 | $6.7M | $181,339 | $488,338 |
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 |
|---|---|---|---|---|
| NEWPORT GROUP | Other Service Provider | $12,633 | — | $12,633 |
| LORING WARD HOLDINGS INC | ADVISOR | $11,246 | — | $11,246 |
| HBME, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HBME, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $23,879
- Estimated Expense Ratio: 0.266% 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 | $23,879 | $11,246 | $8,335 | — | — |
| 2023 | $20,007 | $9,699 | $6,725 | — | — |
| 2022 | $20,411 | $10,763 | $9,648 | — | — |