Plan Ledger DOL Form 5500 · updated monthly

Logan Simpson Design Inc.401(k)

LOGAN SIMPSON DESIGN 401(K) PLAN · TEMPE, AZ · plan year 2024

Employer contribution per participant · 2024
$2,912

Logan Simpson Design Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $17,231,906 across 258 participant accounts, with employer contributions averaging $2,912 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 405th-largest of 1,285 plans among Arizona employers on file, and 6,075th of 11,654 in professional & technical services. In 2024, employees put in $2.30 for every $1.00 the employer contributed; active participation has grown from 144 to 162 since 2022.

Plan summary
Net assets, end of year$17,231,906
Participants with balances258
Active participants162
Employer contributions$471,801
Employee contributions$1,084,842
Employer contribution per active participant$2,912
Average account balance$66,790
Benefits paid to participants$1,841,102
Plan auditUnmodified (clean) audit opinion
AuditorEVERS ROBINSON, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 258 accts · $472K emplr
2023$14.9M · 249 accts · $385K emplr
2022$11.6M · 220 accts · $300K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,379
Total administrative-$49
The Logan Simpson Design Inc. 401(k) match · 2024
Employer contribution per active participant$2,912
Median for plans this size$2,416
2024$2,912 per active participant
2023$2,531 per active participant
2022$2,086 per active participant

Logan Simpson Design Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Service providers · 20242
HEMBREE TPA, INC. · Contract administrator$6,505
CAPITAL GROUP RETIREMENT PLAN$1,150

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024Not separately reported
2023$28,533 · 0.22%
2022$1,901 · 0.02%
Same employer
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Telgian Profit Sharing Plan AZ$17.4M · 0.47%
Skidata, Inc. AZ$17.2M · 0.14%
Wilson Engineers, LLC AZ$16.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860900108 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.