401(k) · DOL Form 5500 · 2023

Solve Industrial Motion Group, LLC 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
224
Participants Below avg headcount
57th
Percentile by assets National rank
$41,693
Avg per participant Low balance/head
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Official DOL plan name: Solve Industrial Motion Group, LLC Retirement Plan · Sponsored by Solve Industrial Motion Group, LLC · North Carolina · Wholesale Trade

$9M in assets, 224 participants

Solve Industrial Motion Group, LLC's Solve Industrial Motion Group, LLC Retirement Plan reported $9M in total assets and 224 participants in its 2023 DOL Form 5500 filing, ranking in the 57th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,069 in Wholesale Trade (6,309 peers)

Coverage in North Carolina

Solve Industrial Motion Group, LLC Retirement Plan covers 224 participants in North Carolina, about 27% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#3,069
in Wholesale Trade (6,309 peers)
+18.0%
assets growth YoY

Solve Industrial Motion Group, LLC Retirement Plan's mid-pack asset rank among Wholesale Trade and all filers

Solve Industrial Motion Group, LLC Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$9,339,158 Top 43% higher than 57% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Solve Industrial Motion Group, LLC Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Solve Industrial Motion Group, LLC Retirement Plan sits mid-pack in the medium band (224 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Solve Industrial Motion Group, LLC Retirement Plan reported net income rose from -$76K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Solve Industrial Motion Group, LLC Retirement Plan reported participants rose from 56 in the plan year 2022 filing to 224 in the plan year 2023 filing.
  • Solve Industrial Motion Group, LLC Retirement Plan end-of-year assets rose from $8M in the plan year 2022 filing to $9M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561880722 · Solve Industrial Motion Group, LLC PY 2023 · 401(k)

Solve Industrial Motion Group, LLC Retirement Plan · $9M · 224 · 57th

  • TYPE $9M
  • TYPE 224
  • TYPE 57th
  • TYPE 401(k)
  • TYPE near Robertson Construction Services, Inc. 401(k) Plan
  • TYPE ind #3069

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in North Carolina →

Solve Industrial Motion Group, LLC Retirement Plan in the asset neighbourhood

Solve Industrial Motion Group, LLC Retirement PlanSolve Industrial Motion Grou…$9MRobertson Construction Services, Inc. 401(k) PlanRobertson Construction Servi…$9MThe Gerson Companies 401(k) and Profit Sharing PlanThe Gerson Companies 401(k) …$9MPolaris Sensor Technologies, Inc. 401(k) PlanPolaris Sensor Technologies,…$9MVicarious Surgical Inc. 401(k) PlanVicarious Surgical Inc. 401(…$9M
End-of-year total assets ($M) among Solve Industrial Motion Group, LLC Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$1M
Employer EIN561880722
Plan Effective Date2002-02-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Solve Industrial Motion Group, LLC)

Sponsor-wide plan assets over time

All Solve Industrial Motion Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$11M 40.742579792929746% vs 2022
2024 filing year
$7M$8M$9M$10M$11M$12M 202220232024 $7.91M $11.1M ▲ +40.8%
Year Plans Participants Total Assets
2022 1 56 $8M
2023 1 224 $9M
2024 1 257 $11M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Solve Industrial Motion Group, LLC Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Solve Industrial Motion Group, LLC Retirement Plan, Total assets ($B): 0.009339158 · Participants: 224Solve Industrial Motion Group, LLC Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Solve Industrial Motion Group, LLC Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Solve Industrial Motion Group, LLC Retirement Plan side-by-side with 3 peers →

Solve Industrial Motion Group, LLC Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Robertson Construction Services, Inc. 401(k) Plan in OH ($9M); by covered participants it is Egomotion Corp. 401(k) Plan in CA (224 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (224 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Solve Industrial Motion Group, LLC Retirement Plan assets move in 2023? ▼
Solve Industrial Motion Group, LLC Retirement Plan grew sharply - up 18.0% during 2023, from $8M to $9M. Reported net income was $1M.
How have Solve Industrial Motion Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Solve Industrial Motion Group, LLC's sponsor-wide assets grew 40.7%, from $8M to $11M.
Which 401(k) plans are similar in size to Solve Industrial Motion Group, LLC Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Robertson Construction Services, Inc. 401(k) Plan in OH ($9M, 187 participants).
Which 401(k) plans cover a similar participant headcount to Solve Industrial Motion Group, LLC Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Egomotion Corp. 401(k) Plan in CA (224 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561880722.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.