Filed September 9, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 13 · EIN 22-1211670 | Contract Administrator | $125,009 |
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC-RPLP Service code 27 · EIN 95-2834236 | Advisory (Plan) | $68,307 |
Service code 15 · EIN 06-1050034 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,930 | $38,833+67.2% | $78,778-17.6% | $77,958-16.7% |
| Participation rate | 38.0% | 60.9%-22.9pp | 69.2%-31.2pp | 71.6%-33.6pp |
| Annual return | 20.70% | 20.31%+0.4pp | 35.62%-14.9pp | 20.87%-0.2pp |
| Employer contribution / active EE | $303 | $840-63.9% | $1,986-84.7% | $2,310-86.9% |
| Participant deferral / active EE | $1,798 | $1,776+1.2% | $2,958-39.2% | $3,537-49.2% |
| Admin fee / account holder | $203 | $89+127.7% | $5,134-96.1% | $97+108.1% |