Plan Snapshot
- Plan Sponsor: Sunbelt Solomon Services, LLC
- Sponsor EIN: 480777539
- Sponsor Address: PO BOX 245, SOLOMON, KS, 67480
- Plan Type: 401(k)
- Total Participants: 1,004
- Total Assets: $45.0M
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 | 1,004 | $45.0M | $2.5M | $4.3M |
| 2023 | 887 | $36.2M | $1.9M | $3.2M |
| 2022 | 704 | $27.3M | $1.5M | $2.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $173,875 | — | $173,875 |
| HAYS FINANCIAL GROUP, LLC | INVESTMENT ADVISORY | — | $46,037 | $46,037 |
| DWC ERISA CONSULTANTS LLC | CONTRACT ADMINISTRATOR | $25,511 | $10,560 | $36,071 |
| KCOE ISOM, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HAYS FINANCIAL GROUP, LLC — INVESTMENT ADVISORY
- KCOE ISOM, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $255,983
- Estimated Expense Ratio: 0.568% 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 | $199,030 | — | $199,030 | — | — |
| 2023 | $133,470 | — | $133,470 | — | — |
| 2022 | $113,362 | — | $113,362 | — | — |