Sunbelt Solomon Services, LLC 401(k) Review & Grade
Sunbelt Solomon Services, LLC 401(k) and Profit Sharing Plan
Solomon, KSManufacturing946 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,649Employer $ per active participant
$4,532Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$45.0MNet plan assets, end of year
$43,316Average balance per account
Score breakdown
- Employer generosity28.5 / 5057th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 24th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($456,522 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Sunbelt Solomon Services put in about $2,649 per active participant, more than the typical peer ($2,320). 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 (0.49% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,504,539 |
| Participant (employee) contributions | $4,284,792 |
| Other contributions (incl. rollovers in) | $1,149,525 |
| Administrative expenses paid from the plan | $199,030 |
| Contract administrator fees | $199,030 |
| Benefits paid out | $5,761,310 |
| Net assets, start / end of year | $36.2M / $45.0M |
| Active participants, start / end of year | 887 / 1,004 |
| Participants with account balances | 1,040 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kcoe Isom, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $173,875 reported compensation |
| Hays Financial Group, LLC | $46,037 reported compensation |
| DWC Erisa Consultants LLC | $36,071 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015203219NAL0011422946001, received 2025-10-15, EIN 48-0777539, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.