Soleo Health Holdings, Inc. 401(k) Review & Grade
Soleo Health Holdings, Inc. 401(k) Plan
Frisco, TXRetail Trade983 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,077Employer $ per active participant
$6,379Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$42.0MNet plan assets, end of year
$41,805Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost8.4 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 33th |
| Employee saving | 93th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $547 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Soleo Health Holdings put in about $2,077 per active participant, more than the typical peer ($743). 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 (0.37% 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 | $2,042,067 |
| Participant (employee) contributions | $6,270,322 |
| Other contributions (incl. rollovers in) | $1,120,766 |
| Administrative expenses paid from the plan | $136,200 |
| Investment advisory & management fees | $12,446 |
| Other admin expenses | $21,429 |
| Benefits paid out | $4,328,002 |
| Net assets, start / end of year | $32.3M / $42.0M |
| Active participants, start / end of year | 949 / 1,017 |
| Participants with account balances | 1,004 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $102,325 reported compensation |
| Summit Group Retirement Planners, | $33,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925122435NAL0007627473001, received 2025-09-25, EIN 11-2962027, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.