Learn IT Systems, LLC 401(k) Review & Grade
Learn IT Systems, LLC 401(k) Plan
Baltimore, MDProfessional, Scientific & Technical Services5,908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$239Employer $ per active participant
$1,237Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$61.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 49th |
| Employee saving | 10th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $45,961 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Learn IT Systems put in about $239 per active participant, below the typical peer ($2,951). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,414,553 |
| Participant (employee) contributions | $7,308,219 |
| Other contributions (incl. rollovers in) | $705,859 |
| Administrative expenses paid from the plan | $70,600 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $4,511,666 |
| Net assets, start / end of year | $49.6M / $61.6M |
| Active participants, start / end of year | 5,627 / 6,189 |
| Participants with account balances | 2,755 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sc&h Attest Services, P.C. |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $60,000 reported compensation |
| Sc&h Attest Services, P.C. | $19,900 reported compensation |
| Fidelity Investments Institutional | −$9,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926084239NAL0003904547001, received 2025-09-26, EIN 83-0474386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.