# Solution Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/solution-services-inc-401k-plan-002

> Solution Services, INC.'s 401(k) plan: 365 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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