Plan Ledger DOL Form 5500 · updated monthly

Lsi Solutions401(k)

LSI SOLUTIONS SAVINGS AND INVESTMENT PLAN · VICTOR, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Lsi Solutions reported $96,676 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,866 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 0.26% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,414th-largest of 5,648 plans among New York employers on file, and the 3,276th of 13,661 in manufacturing. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has grown from 425 to 518 since 2022.

Plan summary
Net assets, end of year$47,547,828
Participants with balances593
Active participants518
Employer contributions$1,484,743
Employee contributions$4,022,499
Employer contribution per active participant$2,866
Average account balance$80,182
Benefits paid to participants$2,932,473
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL METZGER BARR & CO
Plan history3
Yearassets · accounts · employer contribution
2024$47.5M · 593 accts · $1.5M emplr
2023$37.0M · 581 accts · $1.2M emplr
2022$27.3M · 495 accts · $952K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,716
Investment management$84,960
Total administrative$96,676
The Lsi Solutions 401(k) match · 2024
Employer contribution per active participant$2,866
Median for plans this size$2,416
2024$2,866 per active participant
2023$2,392 per active participant
2022$2,240 per active participant

Lsi Solutions'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.

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
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$78,816
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,716
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$6,144

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$96,676 · 0.23%
2023$69,853 · 0.22%
2022$75,579 · 0.26%
Same employer
Similar plansManufacturing · New York
The Mentholatum Company NY$49.1M · 0.29%
Interplex Industries, Inc. NY$48.3M · 0.24%
Mold-Rite Plastics, LLC NY$48.1M · 0.46%
Aurubis Buffalo, Inc. NY$46.4M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161300434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.