Filed September 9, 2021
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27 | Advisory (Plan) | $34,822 |
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 95-2834236 | Advisory (Plan) | $0 |
Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 | Recordkeeping | $0 |
Filed as: MASSMUTUAL RETIREMENT SERVICES,LLC Service code 15 · EIN 26-1589907 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,277 | $23,385+20.9% | $69,182-59.1% | $57,658-51.0% |
| Participation rate | 66.0% | 37.9%+28.0pp | 55.1%+10.8pp | 70.2%-4.3pp |
| Annual return | 7.77% | -659.34%+667.1pp | -21.93%+29.7pp | 5.13%+2.6pp |
| Employer contribution / active EE | $936 | $422+121.5% | $1,206-22.4% | $1,974-52.6% |
| Participant deferral / active EE | $2,646 | $843+213.9% | $1,897+39.5% | $3,061-13.5% |
| Admin fee / account holder | $0 | $82-100.0% | $2,697-100.0% | $95-100.0% |