Lsi Solutions 401(k) Review & Grade
Lsi Solutions Savings and Investment Plan
Victor, NYManufacturing513 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,894Employer $ per active participant
$7,841Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$47.5MNet plan assets, end of year
$80,182Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 50th |
| Employee saving | 79th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lsi Solutions put in about $2,894 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,484,743 |
| Participant (employee) contributions | $4,022,499 |
| Other contributions (incl. rollovers in) | $627,189 |
| Administrative expenses paid from the plan | $96,676 |
| Investment advisory & management fees | $84,960 |
| Benefits paid out | $2,932,473 |
| Net assets, start / end of year | $37.0M / $47.5M |
| Active participants, start / end of year | 508 / 518 |
| Participants with account balances | 593 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mengel Metzger Barr & Co |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services LLC | $78,816 reported compensation |
| Fidelity Investments Institutional | $11,716 reported compensation |
| Strategic Advisors, Inc. | $6,144 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001123837NAL0012621537001, received 2025-10-01, EIN 16-1300434, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.