Filed June 2, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1 year Filed as: LPL FINANCIAL, LLCP-RPCP Service code 27 · EIN 95-2834236 RPCP COMPENSATION PROCESSING PO BOX · SAN DIEGO, CA 92150 | Advisory (Plan) | $44,584 |
NATIONWIDE4 years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Recordkeeping | $25,557 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $77,528 | $45,343+71.0% | $150,298-48.4% | $67,986+14.0% |
| Participation rate | 43.5% | 51.9%-8.3pp | 77.8%-34.2pp | 57.2%-13.7pp |
| Annual return | 11.51% | 33.28%-21.8pp | 62.79%-51.3pp | 31.67%-20.2pp |
| Employer contribution / active EE | $666 | $1,462-54.5% | $4,154-84.0% | $2,019-67.0% |
| Participant deferral / active EE | $2,502 | $2,055+21.8% | $5,453-54.1% | $3,358-25.5% |
| Admin fee / account holder | $355 | $2,250-84.2% | $14,116-97.5% | $3,203-88.9% |