Lsi Industries Inc. 401(k) Review & Grade
Lsi Industries Inc. 401(k) Retirement Savings Plan
Cincinnati, OHManufacturing1,300 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,089Employer $ per active participant
$3,887Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$88.4MNet plan assets, end of year
$58,797Average balance per account
Score breakdown
- Employer generosity9.7 / 5019th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 39th |
| Employee saving | 35th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,376 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lsi Industries put in about $1,089 per active participant, below the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,416,395 |
| Participant (employee) contributions | $5,055,289 |
| Other contributions (incl. rollovers in) | $406,317 |
| Administrative expenses paid from the plan | $271,573 |
| Investment advisory & management fees | $122,712 |
| Benefits paid out | $13,231,494 |
| Net assets, start / end of year | $85.1M / $88.4M |
| Active participants, start / end of year | 1,320 / 1,281 |
| Participants with account balances | 1,503 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $148,861 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $119,710 reported compensation |
| Empower Advisory Group, LLC | $3,003 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415132434NAL0011778195001, received 2026-04-15, EIN 31-0888951, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.