Retirement plan

MATRIX VISUAL SOLUTIONS 401(K) PLAN

Name: LOGIC TECHNOLOGY GROUP, INC. DBA MATRIX VISUAL SOLUTIONS - MATRIX VISUAL SOLUTIONS 401(K) PLAN (2024) Form 5500
Creator: LOGIC TECHNOLOGY GROUP, INC. DBA MATRIX VISUAL SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATRIX VISUAL SOLUTIONS 401(K) PLAN, LOGIC TECHNOLOGY GROUP, INC. DBA MATRIX VISUAL SOLUTIONS

LOGIC TECHNOLOGY GROUP, INC. DBA MATRIX VISUAL SOLUTIONSEIN 33-0773727Plan #001PY 2024

1050 EAST VALENCIA DRIVE - FULLERTON, CA 92831714-363-9473

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+39.4% from 2023

Total participants

+5.3% from 2023

Average account balance

$44,733

+39.4% from 2023

Annual return

20.41%

-6.88 pp from 2023

Benchmarks

See 9,342 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,342 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.95M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

Not enough data

1 years with per-participant data

Participants with account balance

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

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

101.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$534K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2181

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$144K

$2215 / participant

Other / not subdivided$144K100.0%

% of EOY assets

4.876%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,733

$71,208-37.2%

$93,681-52.2%

$80,911-44.7%

Participation rate

80.0%

60.4%+19.6pp

68.7%+11.3pp

67.6%+12.4pp

Annual return

20.41%

11.27%+9.1pp

133.47%-113.1pp

35.63%-15.2pp

Employer contribution / active EE

$3,092

$1,564+97.7%

$2,422+27.7%

$2,756+12.2%

Participant deferral / active EE

$5,126

$4,035+27.0%

$4,415+16.1%

$4,297+19.3%

Admin fee / account holder

$2,181

$6,951-68.6%

$8,290-73.7%

$6,935-68.5%

MATRIX VISUAL SOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATRIX VISUAL SOLUTIONS 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