Logicmonitor, Inc. 401(k) Review & Grade
Logicmonitor 401(k) Plan
Santa Barbara, CAProfessional, Scientific & Technical Services556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,512Employer $ per active participant
$11,552Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$39.5MNet plan assets, end of year
$54,338Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 27th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $752 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Logicmonitor put in about $2,512 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,396,527 |
| Participant (employee) contributions | $6,423,075 |
| Other contributions (incl. rollovers in) | $1,170,255 |
| Administrative expenses paid from the plan | $152,183 |
| Investment advisory & management fees | $8,947 |
| Benefits paid out | $3,576,472 |
| Net assets, start / end of year | $29.4M / $39.5M |
| Active participants, start / end of year | 562 / 550 |
| Participants with account balances | 727 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hutchinson and Bloodgood LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $143,236 reported compensation |
| Strategic Advisors, Inc. | $8,947 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006114309NAL0002030579001, received 2025-10-06, EIN 45-1344638, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.