Solve Industrial Motion Group 401(k) match, vesting and fees
What Solve Industrial Motion Group's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Greerwalker LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Solve Industrial Motion Group: employer contribution per participant | $1,892 | |
| Peer median | $1,988 |
| Solve Industrial Motion Group: average balance | $47,402 | |
| Peer median | $75,431 |
| Solve Industrial Motion Group: admin expenses ÷ assets | 0.65% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $8M at the end of plan year 2021 to $11.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 254 | $11.1M | $445K | $1,892 | 0.65% | Not published | Form 5500 ↗ |
| 2023 | 279 | $9.3M | $223K | $1,028 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 243 | $7.9M | $313K | $1,843 | 0.32% | Not published | Form 5500 ↗ |
| 2021 | 66 | $8M | $99K | $1,937 | 0.30% | Not published | 5500-SF ↗ |
Common questions
Does Solve Industrial Motion Group match 401(k) contributions?
The match terms for the Solve Industrial Motion Group, LLC Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $445K in employer contributions, about $1,892 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Solve Industrial Motion Group 401(k) match vested?
The vesting schedule for the Solve Industrial Motion Group, LLC Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Solve Industrial Motion Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Solve Industrial Motion Group, LLC.
I left Solve Industrial Motion Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Solve Industrial Motion Group, LLC, (704) 588-1091) or the recordkeeper, Fidelity Investments Institutional. The Solve Industrial Motion Group old 401(k) page lists the contacts from every plan filing. Find an old Solve Industrial Motion Group 401(k)
Data from the public Form 5500 annual reports Solve Industrial Motion Group filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Solve Industrial Motion Group. Not financial advice. Report a correction · Methodology