Retirement plan

SOLAR SAVINGS AND INVESTMENT PLAN

Name: SOLAR TURBINES INCORPORATED - SOLAR SAVINGS AND INVESTMENT PLAN (2023) Form 5500
Creator: SOLAR TURBINES INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOLAR SAVINGS AND INVESTMENT PLAN, SOLAR TURBINES INCORPORATED

SOLAR TURBINES INCORPORATEDEIN 95-3621514Plan #013PY 2023

2200 PACIFIC HIGHWAY - SAN DIEGO, CA 92101619-544-5407LinkedIn1-10 employees

Other plans on this EIN

1 filing

#006Retirement-$288.1M assets

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed September 22, 2009 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$375.3M

-14.5% from 2016

Total participants

2,047

-10.7% from 2016

Average account balance

$184,946

-17.3% from 2016

Annual return

19.39%

-29.09 pp from 2016

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$423.05M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

2,038

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC7 years Filed as: ALIGHT FINANCIAL ADVISORS, LLC Service code 26 · EIN 82-1061233	Advisory (Participants)	$125,113
ALIGHT SOLUTIONS LLC7 years Service code 15 · EIN 82-1061233	Recordkeeping	$25,650
ALIGHT SOLUTIONS LLC5 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 33 · EIN 82-1061233	Finders' fees / placement fees; Secur...	$22,745
NORTHERN TRUST COMPANY9+ years Service code 21 · EIN 36-1561860	Bank Trustee	$19,192
PRICEWATERHOUSECOOPERS LLP9+ years Service code 10 · EIN 13-4008324	Accounting	$16,265
STRATEGIC BENEFIT ADVISORS9+ years Service code 13 · EIN 03-0415817	Contract Administrator	$13,780
THE BANK OF NEW YORK MELLON9+ years Filed as: PERSHING LLC Service code 59 · EIN 13-2741729	Shareholder Servicing	$10,648
CATERPILLAR INC1 year Service code 30 · EIN 37-0602744	Direct payment from the plan; Employe...	$8,901

Plan features & details

Pension benefit codes2F2G2J2K2O2R2S2T3F3H

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$216K

$144 / participant

Recordkeeping$26K11.9%
Trustee / custodial$19K8.9%
Investment mgmt$128K59.4%
Salaries / allowances$9K4.1%
Contract admin$14K6.4%
Other / not subdivided$20K9.3%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: $16,265
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$184,946

$104,544+76.9%

$96,564+91.5%

$80,187+130.6%

Participation rate

98.8%

86.4%+12.4pp

76.0%+22.8pp

72.9%+25.9pp

Annual return

19.39%

21.79%-2.4pp

25.89%-6.5pp

40.40%-21.0pp

Employer contribution / active EE

$5,107

$3,527+44.8%

$2,967+72.1%

$2,980+71.4%

Participant deferral / active EE

$6,141

$6,170-0.5%

$4,852+26.6%

$5,016+22.4%

Admin fee / account holder

$106

$107-0.6%

$8,256-98.7%

$145-26.7%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC7 years

Filed as: ALIGHT FINANCIAL ADVISORS, LLC

Service code 26 · EIN 82-1061233

Advisory (Participants)

$125,113

ALIGHT SOLUTIONS LLC7 years

Service code 15 · EIN 82-1061233

Recordkeeping

$25,650

ALIGHT SOLUTIONS LLC5 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 33 · EIN 82-1061233

Finders' fees / placement fees; Secur...

$22,745

NORTHERN TRUST COMPANY9+ years

Service code 21 · EIN 36-1561860

Bank Trustee

$19,192

PRICEWATERHOUSECOOPERS LLP9+ years

Service code 10 · EIN 13-4008324

Accounting

$16,265

STRATEGIC BENEFIT ADVISORS9+ years

Service code 13 · EIN 03-0415817

Contract Administrator

$13,780

THE BANK OF NEW YORK MELLON9+ years

Filed as: PERSHING LLC

Service code 59 · EIN 13-2741729

Shareholder Servicing

$10,648

CATERPILLAR INC1 year

Service code 30 · EIN 37-0602744

Direct payment from the plan; Employe...

$8,901

SOLAR SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOLAR SAVINGS AND INVESTMENT PLAN

Top hat statement on fileNQDC

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