Retirement plan

SOLAR SUPPLY, LLC 401(K) PROFIT SHARING PLAN

Name: SOLAR SUPPLY, LLC - SOLAR SUPPLY, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SOLAR SUPPLY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLAR SUPPLY, LLC 401(K) PROFIT SHARING PLAN, SOLAR SUPPLY, LLC

SOLAR SUPPLY, LLCEIN 72-0464157Plan #001PY 2023

1212 12TH STREET - LAKE CHARLES, LA 70601337-310-1000solarsupply.usLinkedIn201-500 employeeswarehousing

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$17.5M

+6.3% from 2022

Total participants

222

+4.7% from 2022

Average account balance

$88,112

+1.0% from 2022

Annual return

11.67%

+31.41 pp from 2022

Benchmarks

See 2,343 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,343 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$18.79M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$100K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

188

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$940K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$219

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 1 NORTH JEFFERSON AVE · ST LOUIS, MO 63103	Advisory (Plan)	$40,808
MARTIN, MARTIN, RANDALL & ASSOCIATE2 years Filed as: MARTIN MARTIN RANDALL & ASSOC., INC Service code 13 4 RIVER BEND PLACE · JACKSON, MS 39232	Contract Administrator	$10,557
T. E. LOTT AND COMPANY2 years Filed as: TE LOTT & COMPANY, P.A. Service code 10 221 7TH STREET NORTH · COLUMBUS, MS 39703	Accounting	$2,400
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,075
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWPOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$207 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.218%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: T.E. LOTT & COMPANY
Auditor EIN: 640575804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,112

$83,090+6.0%

$130,062-32.3%

$71,529+23.2%

Participation rate

87.6%

74.1%+13.4pp

78.5%+9.1pp

67.9%+19.6pp

Annual return

11.67%

20.61%-8.9pp

-137.37%+149.0pp

28.97%-17.3pp

Employer contribution / active EE

$2,088

$2,624-20.4%

$4,322-51.7%

$2,590-19.4%

Participant deferral / active EE

$3,042

$4,436-31.4%

$5,821-47.7%

$4,291-29.1%

Admin fee / account holder

$192

$1,727-88.9%

$10,601-98.2%

$1,588-87.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS FIN NETWORK

Service code 27

1 NORTH JEFFERSON AVE · ST LOUIS, MO 63103

Advisory (Plan)

$40,808

MARTIN, MARTIN, RANDALL & ASSOCIATE2 years

Filed as: MARTIN MARTIN RANDALL & ASSOC., INC

Service code 13

4 RIVER BEND PLACE · JACKSON, MS 39232

Contract Administrator

$10,557

T. E. LOTT AND COMPANY2 years

Filed as: TE LOTT & COMPANY, P.A.

Service code 10

221 7TH STREET NORTH · COLUMBUS, MS 39703

Accounting

$2,400

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,075

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWPOD VILLAGE, CO 80111

Recordkeeping Fees

SOLAR SUPPLY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLAR SUPPLY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion