Plan Snapshot
- Plan Sponsor: Speed Of Light Ops, LLC Dba Solo
- Sponsor EIN: 352616034
- Sponsor Address: 3049 EXECUTIVE PARKWAY, LEHI, UT, 84043
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $3.1M
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 | 91 | $3.1M | $355,156 | $531,380 |
| 2023 | 184 | $2.7M | $429,986 | $798,398 |
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 |
|---|---|---|---|---|
| THE NORDEN GROUP | Other Service Provider | $9,154 | — | $9,154 |
| HEALTHEQUITY RETIREMENT SERVICES, L | Other Service Provider | $7,629 | — | $7,629 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,783
- Estimated Expense Ratio: 0.533% 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 | $21,859 | $9,765 | $11,779 | — | — |
| 2023 | $10,393 | $4,616 | $3,607 | — | — |