Soli Organic, Inc. 401(k) Review & Grade
Soli Organic 401(k) Plan
Harrisonburg, VAAgriculture, Forestry, Fishing & Hunting610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$779Employer $ per active participant
$1,404Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$5.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 17th |
| Employee saving | 38th |
| Peers that auto-enroll | 36% |
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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
- Soli Organic put in about $779 per active participant, more than the typical peer ($774). 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 (0.61% 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 | $475,004 |
| Participant (employee) contributions | $855,764 |
| Other contributions (incl. rollovers in) | $62,399 |
| Administrative expenses paid from the plan | $34,821 |
| Investment advisory & management fees | $10,583 |
| Benefits paid out | $1,728,120 |
| Net assets, start / end of year | $5.5M / $5.9M |
| Active participants, start / end of year | 682 / 537 |
| Participants with account balances | 214 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown Edwards |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $24,238 reported compensation |
| Onedigital Investment Advisors LLC | $10,583 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925103059NAL0008414129001, received 2025-09-25, EIN 54-1521303, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.