Plan Ledger DOL Form 5500 · updated monthly

Logicalis, Inc.401(k)

LOGICALIS, INC. 401(K) PROFIT SHARING PLAN · BLOOMFIELD HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.35%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Logicalis, Inc. reported $415,702 in plan administrative expenses for 2024: 0.35% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,467 per active participant. 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 fell from 0.38% to 0.35%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 229th-largest of 2,619 plans among Michigan employers on file, and the 1,230th of 11,654 in professional & technical services. In 2024, employees put in $2.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$125,286,401
Participants with balances948
Active participants650
Employer contributions$2,253,316
Employee contributions$5,770,411
Employer contribution per active participant$3,467
Average account balance$132,159
Benefits paid to participants$13,663,216
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$125.3M · 948 accts · $2.3M emplr
2023$111.8M · 985 accts · $2.3M emplr
2022$100.0M · 1,006 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$304,259
Investment management$82,793
Audit (IQPA)$28,650
Total administrative$415,702
The Logicalis, Inc. 401(k) match · 2024
Employer contribution per active participant$3,467
Median for plans this size$3,635
2024$3,467 per active participant
2023$3,485 per active participant
2022$3,446 per active participant

Logicalis, Inc.'s 2024 employer contribution ran below the $3,635 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.

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
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$99,392
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$78,000
PLANTE & MORAN · Accounting / audit$28,650

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$415,702 · 0.35%
2023$399,835 · 0.38%
2022$420,976 · 0.38%
Same employer
Similar plansProfessional & Technical Services · Michigan
Serra Automotive, Inc. MI$150.6M · 0.31%
Akebono Brake Corporation MI$148.1M · 0.05%
Merative US L.P. MI$117.6M · 0.08%
Van Andel Research Institute MI$115.3M · 0.19%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 134000122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.