Csi IT, LLC 401(k) Review & Grade
Consulting Solutions 401(k) Plan
Jacksonville, FLProfessional, Scientific & Technical Services807 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$490Employer $ per active participant
$4,974Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$24.1MNet plan assets, end of year
$52,666Average balance per account
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 37th |
| Employee saving | 25th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $7 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Csi IT put in about $490 per active participant, below the typical peer ($3,082). 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 | $395,758 |
| Participant (employee) contributions | $4,013,943 |
| Other contributions (incl. rollovers in) | $192,462 |
| Administrative expenses paid from the plan | $74,230 |
| Investment advisory & management fees | $54,165 |
| Benefits paid out | $3,883,973 |
| Net assets, start / end of year | $20.5M / $24.1M |
| Active participants, start / end of year | 737 / 877 |
| Participants with account balances | 458 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Osaic Wealth Inc | $54,165 reported compensation |
| Fidelity Investments Institutional | $20,065 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929105227NAL0004982179001, received 2025-09-29, EIN 81-2264132, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.