Plan Snapshot
- Plan Sponsor: Logistec Usa INC.
- Sponsor EIN: 621333756
- Sponsor Address: C/O BALTERM LLC, BALTIMORE, MD, 21230
- Plan Type: 401(k)
- Total Participants: 394
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 394 | $22.1M | $770,985 | $1.3M |
| 2023 | 346 | $20.1M | $518,697 | $822,048 |
| 2022 | 169 | $10.9M | $437,662 | $586,332 |
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 |
|---|---|---|---|---|
| ONEDIGITAL INVESTMENT | INVESTMENT ADVISOR | $36,850 | — | $36,850 |
| THE PENSION SERVICE INC | CONTRACT ADMINISTRATOR | $33,958 | — | $33,958 |
| EMPOWER ANNUITY INS CO OF AMERICA | RECORDKEEPER | $18,271 | — | $18,271 |
| CARON & BLETZER, PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON & BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,079
- Estimated Expense Ratio: 0.403% 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 | $82,731 | — | — | — | — |
| 2023 | $53,805 | — | — | — | — |
| 2022 | $52,612 | — | $52,612 | — | — |