Solaray LLC 401(k) Review & Grade
Solaray LLC 401(k) Profit Sharing Plan
Castle Rock, COWholesale Trade844 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,002Employer $ per active participant
$3,220Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$24.9MNet plan assets, end of year
$26,394Average balance per account
Score breakdown
- Employer generosity11.8 / 5024th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 27th |
| Employee saving | 26th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,361 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Solaray put in about $1,002 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.44% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $845,850 |
| Participant (employee) contributions | $2,717,691 |
| Other contributions (incl. rollovers in) | $163,263 |
| Administrative expenses paid from the plan | $102,224 |
| Contract administrator fees | $76,279 |
| Investment advisory & management fees | $25,945 |
| Benefits paid out | $2,587,295 |
| Net assets, start / end of year | $21.1M / $24.9M |
| Active participants, start / end of year | 830 / 858 |
| Participants with account balances | 943 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Lincoln National Corporation | $76,279 reported compensation |
| Usi Consulting Group | $25,945 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009181131NAL0004154787001, received 2025-10-09, EIN 46-3586703, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.