Plan Ledger DOL Form 5500 · updated monthly

Lsi Industries Inc.401(k)

LSI INDUSTRIES INC. 401(K) RETIREMENT SAVINGS PLAN · WEST ENFIELD, ME · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Lsi Industries Inc. reported $271,573 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,106 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 rose from 0.24% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 40th-largest of 354 plans among Maine employers on file, and the 2,083rd of 13,661 in manufacturing. In 2024, employees put in $3.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$88,371,390
Participants with balances1,503
Active participants1,281
Employer contributions$1,416,395
Employee contributions$5,055,289
Employer contribution per active participant$1,106
Average account balance$58,797
Benefits paid to participants$13,231,494
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$88.4M · 1,503 accts · $1.4M emplr
2023$85.1M · 1,495 accts · $1.4M emplr
2022$80.0M · 1,559 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$148,861
Investment management$122,712
Total administrative$271,573
The Lsi Industries Inc. 401(k) match · 2024
Employer contribution per active participant$1,106
Median for plans this size$3,635
2024$1,106 per active participant
2023$1,055 per active participant
2022$994 per active participant

Lsi Industries Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$119,710
EMPOWER ADVISORY GROUP, LLC · Investment management$3,003

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

Administrative cost history3
2024$271,573 · 0.31%
2023$259,228 · 0.31%
2022$179,942 · 0.24%
Same employer
Similar plansManufacturing · Maine
Idexx Laboratories, Inc. ME$1.2B · 0.07%
Irving Forest Products, Inc. ME$157.5M · 0.09%
Elmet Technologies LLC ME$98.8M · 0.07%
Hussey Corporation ME$59.1M · 0.23%
Woodland Pulp LLC ME$44.2M · 0.06%
Nichols Portland, LLC ME$40.6M · 0.45%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310888951 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.