Plan Snapshot
- Plan Sponsor: Learn It Systems, LLC
- Sponsor EIN: 830474386
- Sponsor Address: 6225 SMITH AVE, BALTIMORE, MD, 21209
- Plan Type: DC
- Total Participants: 6,189
- Total Assets: $61.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,189 | $61.6M | $1.4M | $7.3M |
| 2023 | 5,627 | $49.6M | $23,833 | $6.3M |
| 2022 | 5,330 | $39.0M | -$1,500 | $6.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES INC | ADVISOR | $60,000 | — | $60,000 |
| SC&H ATTEST SERVICES, P.C. | ACCOUNTANT/AUDITOR | $19,900 | — | $19,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — ADVISOR
- SC&H ATTEST SERVICES, P.C. — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,900
- Estimated Expense Ratio: 0.130% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $70,600 | $60,000 | — | $19,900 | — |
| 2023 | $135,974 | $60,000 | — | $31,000 | — |
| 2022 | $188,828 | — | — | — | — |