Plan Snapshot
- Plan Sponsor: Lsi Solutions
- Sponsor EIN: 161300434
- Sponsor Address: 7796 VICTOR MENDON ROAD, VICTOR, NY, 14564
- Plan Type: 401(k)
- Total Participants: 518
- Total Assets: $47.5M
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 | 518 | $47.5M | $1.5M | $4.0M |
| 2023 | 508 | $37.0M | $1.2M | $3.6M |
| 2022 | 425 | $27.3M | $952,085 | $3.1M |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | $78,816 | — | $78,816 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $11,716 | — | $11,716 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $6,144 | — | $6,144 |
| MENGEL METZGER BARR & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MENGEL METZGER BARR & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,676
- Estimated Expense Ratio: 0.203% 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 | $96,676 | $84,960 | — | — | — |
| 2023 | $69,853 | $60,553 | — | — | — |
| 2022 | $75,579 | $61 | — | — | — |