Solari, Inc. 401(k) Review & Grade
Solari, Inc. 401(k) Plan
Tempe, AZHealth Care & Social Assistance591 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,766Employer $ per active participant
$2,969Employee $ saved per active participant
1.01%Direct admin cost, % of plan assets
$12.5MNet plan assets, end of year
$19,151Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 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 | 67th |
| Lower admin cost | 6th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $3,447 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Solari put in about $1,766 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 (1.01% 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 | $1,043,822 |
| Participant (employee) contributions | $1,754,572 |
| Other contributions (incl. rollovers in) | $220,339 |
| Administrative expenses paid from the plan | $110,056 |
| Investment advisory & management fees | $39,378 |
| Benefits paid out | $1,006,294 |
| Net assets, start / end of year | $9.3M / $12.5M |
| Active participants, start / end of year | 512 / 670 |
| Participants with account balances | 654 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kimberlin Company, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $70,511 reported compensation |
| Capfinancial Partners LLC | $39,378 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003153644NAL0000888211001, received 2025-10-03, EIN 26-0446321, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.