Solace Healthcare, Inc. 401(k) Review & Grade
Solace Healthcare, Inc. 401(k) Plan
Denver, COHealth Care & Social Assistance604 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,073Employer $ per active participant
$3,858Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$35,493Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 9th |
| Employee saving | 66th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Solace Healthcare put in about $2,073 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.85% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,251,127 |
| Participant (employee) contributions | $2,328,176 |
| Other contributions (incl. rollovers in) | $500,691 |
| Administrative expenses paid from the plan | $122,868 |
| Investment advisory & management fees | $82,674 |
| Benefits paid out | $1,773,216 |
| Net assets, start / end of year | $12.5M / $16.5M |
| Active participants, start / end of year | 601 / 606 |
| Participants with account balances | 464 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Axa Advisors LLC | $49,539 reported compensation |
| Empower Annuity Insurance Company | $40,194 reported compensation |
| Onedigital Investment Advisors LLC | $22,265 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007151907NAL0004970769001, received 2025-10-07, EIN 20-3023796, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.