Shoals Technologies Group 401(K) Profit Sharing Plan — Form 5500 plan (Shoals Technologies Group, LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Shoals Technologies Group 401(K) Profit Sharing Plan is a benefit plan reported by Shoals Technologies Group, LLC under EIN 90-0346780 and plan number 001. The latest loaded filing year is 2023. The filing reports 413 participants and $4,025,833 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Shoals Technologies Group, LLC
EIN
90-0346780
Plan number
001
Plan type
2
Location
Portland, TN
Latest filing year
2023
Participants
413
End-of-year plan assets
$4,025,833

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023413H, C20241015181743NAL0029357201001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$4,025,833
Total liabilities (EOY)
$0
Net assets (EOY)
$4,025,833
Net assets (BOY)
$1,930,665

Income & contributions

Employer contributions
$545,743
Participant contributions
$1,104,359
Total contributions
$1,853,108
Total income / additions
$2,319,463

Expenses & distributions

Benefits paid
$540,046
Administrative expenses
$3,675
Total expenses
$543,721
Net increase / (decrease)
$1,775,742

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$3,675$02023

Related Form 5500 pages