Logic Pd 401(k) Retirement Savings Plan
Logic Pd, Eden Prairie MN. Employer ID 411424025, plan number 001. Annual reports on file for 2009 to 2019.
Where the money went
- Filed 2009-2019Logic Pd 401(k) Retirement Savings Plan, Logic Pd
- 2020Plan renumbered or taken over by a new sponsor to Compass Electronics Solutions 401(k) Plan
- EndedCompass Electronics Solutions 401(k) Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.
Records are kept by Principal Life Insurance Company, per the 2022 filing.
Left in 2016, 2019? Worth asking about employer money
- In plan year 2016, active participants fell from 395 to 301 (24%), and 72 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
- In plan year 2019, active participants fell from 248 to 168 (32%), and 63 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
- 2016: The plan reported that it didn't pay some benefits on time.
- 2017: The plan reported that it didn't pay some benefits on time.
- 2018: The plan reported that it didn't pay some benefits on time.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2009 | 684 | 279 | Filing |
| 2010 | 720 | 266 | Filing |
| 2011 | 735 | 184 | Filing |
| 2012 | 679 | 151 | Filing |
| 2013 | 611 | 163 | Filing |
| 2014 | 600 | 175 | Filing |
| 2015 | 584 | 186 | Filing |
| 2016 | 527 | 223 | Filing |
| 2017 | 470 | 208 | Filing |
| 2018 | 464 | 213 | Filing |
| 2019 | 350 | 178 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.