Plan Snapshot
- Plan Sponsor: Logistic Specialties, INC.
- Sponsor EIN: 870297794
- Sponsor Address: 1530 N LAYTON HILLS PARKWAY, LAYTON, UT, 84041
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 169
- Total Assets: $8.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 169 | $8.2M | $0 | $0 |
| 2024 | 108 | $6.5M | $246,675 | $557,746 |
| 2023 | 95 | $5.6M | $208,579 | $514,951 |
| 2022 | 84 | $4.8M | $199,929 | $472,681 |
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 |
|---|---|---|---|---|
| ADP, INC. | Recordkeeper | $17,629 | — | $17,629 |
| GLOBAL RETIREMENT PARTNERS | Investment Advisor | $17,111 | — | $17,111 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,740
- Estimated Expense Ratio: 0.422% 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 |
|---|---|---|---|---|---|
| 2025 | $380,164 | $17,111 | — | — | — |
| 2024 | $27,432 | $14,288 | — | — | — |
| 2023 | $658,596 | — | — | — | — |
| 2022 | $490,963 | — | — | — | — |