401(k) · DOL Form 5500 · 2023

Shoals Technologies Group, LLC 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
407
Participants Below avg headcount
40th
Percentile by assets National rank
$9,891
Avg per participant Low balance/head
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Official DOL plan name: Shoals Technologies Group 401(k) Profit Sharing Plan · Sponsored by Shoals Technologies Group, LLC · Tennessee · Manufacturing

$4M in assets, 407 participants

Shoals Technologies Group, LLC's Shoals Technologies Group 401(k) Profit Sharing Plan reported $4M in total assets and 407 participants in its 2023 DOL Form 5500 filing, ranking in the 40th 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.

  • #4,405 in Manufacturing (18,722 peers)

Coverage in Tennessee

Shoals Technologies Group 401(k) Profit Sharing Plan covers 407 participants in Tennessee, about 36% of the average Tennessee filer (state average ~1,126 per filing). Assets: $4M.

#4,405
in Manufacturing (18,722 peers)
+108.5%
assets growth YoY

Shoals Technologies Group 401(k) Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Shoals Technologies Group 401(k) Profit Sharing Plan vs every filed plan by assets

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

$4,025,833 40th percentile higher than 40% 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

Shoals Technologies Group 401(k) Profit Sharing 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. Shoals Technologies Group 401(k) Profit Sharing Plan sits mid-pack in the medium band (407 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Shoals Technologies Group 401(k) Profit Sharing Plan reported net income rose from $807K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Shoals Technologies Group 401(k) Profit Sharing Plan end-of-year assets rose from $2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Shoals Technologies Group 401(k) Profit Sharing Plan reported participants fell from 425 in the plan year 2022 filing to 407 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 900346780 · Shoals Technologies Group, LLC PY 2023 · 401(k)

Shoals Technologies Group 401(k) Profit Sharing Plan · $4M · 407 · 40th

  • 5500 $4M
  • ASSETS 407
  • PCT 40th
  • EIN 401(k)
  • RANK near Brightspot 401(k) Plan
  • PHOTO ind #4405

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 Manufacturing retirement plans → · Plans in Tennessee →

Shoals Technologies Group 401(k) Profit Sharing Plan in the asset neighbourhood

Shoals Technologies Group 401(k) Profit Sharing PlanShoals Technologies Group 40…$4MBrightspot 401(k) Plan$4MPremier Rps 401(k) Plan$4MStrobel Companies 401(k) Profit Sharing PlanStrobel Companies 401(k) Pro…$4MS Y B Construction Co., Inc 401(k) Plan & TrustS Y B Construction Co., Inc …$4M
End-of-year total assets ($M) among Shoals Technologies Group 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$4M
Net Income$2M
Employer EIN900346780
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shoals Technologies Group, LLC)

Sponsor-wide plan assets over time

All Shoals Technologies Group, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$6M 201.9109477822408% vs 2022
2024 filing year
$0M$2M$4M$6M$8M 202220232024 $1.93M $5.83M ▲ +202.1%
Year Plans Participants Total Assets
2022 1 425 $2M
2023 1 407 $4M
2024 1 524 $6M

Nearby 401(k) Plans in Tennessee

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

Shoals Technologies Group 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Shoals Technologies Group 401(k) Profit Sharing Plan, Total assets ($B): 0.004025833 · Participants: 407Shoals Technologies Group 401(k) Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 23.88081991 · Participants: 127010Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 21.53517366 · Participants: 291649Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.743557391 · Participants: 5728Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.621886139 · Participants: 12153International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.517708174 · Participants: 62487Chs/Community Health Systems, Inc. Retirement Savings Plan
Shoals Technologies Group 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Shoals Technologies Group 401(k) Profit Sharing Plan side-by-side with 3 peers →

Shoals Technologies Group 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Brightspot 401(k) Plan in TX ($4M); by covered participants it is Ross Aviation Retirement Savings Plan in CO (407 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (407 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 Shoals Technologies Group 401(k) Profit Sharing Plan assets move in 2023? ▼
Shoals Technologies Group 401(k) Profit Sharing Plan surged - up 108.5% during 2023, from $2M to $4M. Reported net income was $2M.
How have Shoals Technologies Group, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shoals Technologies Group, LLC's sponsor-wide assets grew 201.9%, from $2M to $6M.
Which 401(k) plans are similar in size to Shoals Technologies Group 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brightspot 401(k) Plan in TX ($4M, 59 participants).
Which 401(k) plans cover a similar participant headcount to Shoals Technologies Group 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ross Aviation Retirement Savings Plan in CO (407 participants, N/A 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 900346780.

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.