Solv Energy, LLC 401(k) Review & Grade
Solv Energy 401(k) Plan
San Diego, CAConstruction1,040 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,675Employer $ per active participant
$8,298Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$114.0MNet plan assets, end of year
$97,839Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 51th |
| Employee saving | 87th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Solv Energy put in about $3,675 per active participant, more than the typical peer ($1,672). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $3,822,323 |
| Participant (employee) contributions | $8,629,650 |
| Other contributions (incl. rollovers in) | $1,716,872 |
| Administrative expenses paid from the plan | $241,126 |
| Contract administrator fees | $241,126 |
| Benefits paid out | $13,983,530 |
| Net assets, start / end of year | $101.5M / $114.0M |
| Active participants, start / end of year | 987 / 1,093 |
| Participants with account balances | 1,165 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $241,126 reported compensation |
| NFP Retirement | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141146NAL0001479795001, received 2025-10-14, EIN 47-4673720, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.