Plan Snapshot
- Plan Sponsor: Solve Industrial Motion Group, LLC
- Sponsor EIN: 561880722
- Sponsor Address: 2127 AYRSLEY TOWN BLVD., CHALOTTE, NC, 28273
- Plan Type: 401(k)
- Total Participants: 220
- Total Assets: $11.1M
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 | 220 | $11.1M | $444,638 | $1.3M |
| 2023 | 257 | $9.3M | $223,114 | $636,210 |
| 2022 | 224 | $7.9M | $313,273 | $1.0M |
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 |
|---|---|---|---|---|
| GREERWALKER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GREERWALKER LLP — 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 | $66,066 | $46,114 | — | — | — |
| 2023 | $22,071 | $14,253 | — | — | — |
| 2022 | $25,654 | — | — | — | — |