Plan Ledger DOL Form 5500 · updated monthly

Logic Information Systems401(k)

LOGIC INFORMATION SYSTEMS 401(K) PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
0.43%

Logic Information Systems reported $48,576 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.28% to 0.43%. 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 among the smaller plans on file in Minnesota (1,224th of 1,918), and 7,576th of 11,654 in professional & technical services. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,388,726
Participants with balances112
Active participants0
Employer contributions$613,359
Employee contributions$967,066
Employer contribution per active participant—
Average account balance$101,685
Benefits paid to participants$4,818,622
Plan auditUnmodified (clean) audit opinion
AuditorLB CARLSON LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$11.4M · 112 accts · $613K emplr
2023$11.0M · 154 accts · $326K emplr
2022$8.6M · 141 accts · $232K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,830
Investment management$12,746
Total administrative$48,576
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$35,830
CK FINANCIAL LLC · Recordkeeping · Pension consulting$12,746
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year3
2025ADP, CK FINANCIAL LLC
2024ADP, CK FINANCIAL LLC
2023ADP, CK FINANCIAL LLC

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Administrative cost history4
2025Not separately reported
2024$48,576 · 0.43%
2023$27,558 · 0.28%
2022$25,862 · 0.28%
Same employer
Similar plansProfessional & Technical Services · Minnesota
SPACE150 MN$12.4M · 0.32%
Gurstel Law Firm P.C. MN$12.2M · 0.88%
Evs, Inc. MN$12.0M · 0.64%
Cvrx, Inc. MN$11.7M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411892770 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.