Retirement plan

LOGIC TECHNOLOGY, INC. 401(K) PLAN

Name: LOGIC TECHNOLOGY, INC. - LOGIC TECHNOLOGY, INC. 401(K) PLAN (2020) Form 5500
Creator: LOGIC TECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOGIC TECHNOLOGY, INC. 401(K) PLAN, LOGIC TECHNOLOGY, INC.

LOGIC TECHNOLOGY, INC.EIN 14-1718796Plan #001PY 2020

650 FRANKLIN ST., 4TH FLOOR - SCHENECTADY, NY 123052168518-370-2491

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$18.6M

+3.2% from 2019

Total participants

144

-8.9% from 2019

Average account balance

$152,506

+12.5% from 2019

Annual return

14.36%

-5.47 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$238K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-86.64%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55 1 NEW YORK PLAZA · NEW YORK, NY 10004	Other Commissions	$30,104
ACTUARIAL PENSION ANALYSTS, INC.3 years Filed as: ACTUARIAL PENSION ANALSYSTS, INC. Service code 49 7000 EAST GENESEE STREET · FAYETTEVILLE, NY 13066	Other Services	$7,544

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$41 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BRYANS & GRAMUGLIA CPA'S, LLC
Auditor EIN: 202954888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,506

$98,760+54.4%

$149,715+1.9%

$79,858+91.0%

Participation rate

54.2%

75.8%-21.6pp

82.5%-28.3pp

69.6%-15.5pp

Annual return

14.36%

27.43%-13.1pp

276.66%-262.3pp

31.72%-17.4pp

Employer contribution / active EE

$3,217-100.0%

$4,645-100.0%

$2,471-100.0%

Participant deferral / active EE

$5,802

$5,681+2.1%

$6,842-15.2%

$3,740+55.1%

Admin fee / account holder

$16

$6,053-99.7%

$9,310-99.8%

$5,306-99.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

1 NEW YORK PLAZA · NEW YORK, NY 10004

Other Commissions

$30,104

ACTUARIAL PENSION ANALYSTS, INC.3 years

Filed as: ACTUARIAL PENSION ANALSYSTS, INC.

Service code 49

7000 EAST GENESEE STREET · FAYETTEVILLE, NY 13066

Other Services

$7,544

LOGIC TECHNOLOGY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOGIC TECHNOLOGY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion