Sitelogiq, Inc 401(k) Review & Grade
Sitelogiq, Inc. 401(k) Retirement Plan
Minneapolis, MNConstruction502 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,957Employer $ per active participant
$9,016Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$44.6MNet plan assets, end of year
$86,237Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 60th |
| Employee saving | 91th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,150 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sitelogiq put in about $3,957 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $1,988,159 |
| Participant (employee) contributions | $4,530,559 |
| Other contributions (incl. rollovers in) | $1,450,597 |
| Administrative expenses paid from the plan | $67,501 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $28,500 |
| Benefits paid out | $5,139,699 |
| Net assets, start / end of year | $36.3M / $44.6M |
| Active participants, start / end of year | 528 / 477 |
| Participants with account balances | 517 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown Plus |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $39,001 reported compensation |
| Kestra Financial, Inc. | $28,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912043057NAL0001027345001, received 2025-09-12, EIN 82-0714007, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.