# Solve Industrial Motion Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/solve-industrial-motion-group-llc-401k-plan

> Solve Industrial Motion Group, LLC's 401(k) plan: 220 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

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