Filed January 23, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $21,910 |
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $11,869 |
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.)
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 | $83,574 | $53,901+55.1% | $134,162-37.7% | $73,497+13.7% |
| Participation rate | 31.7% | 62.8%-31.2pp | 72.2%-40.5pp | 70.7%-39.0pp |
| Annual return | 15.62% | 15.82%-0.2pp | 36.35%-20.7pp | 28.51%-12.9pp |
| Employer contribution / active EE | $374 | $1,458-74.4% | $3,705-89.9% | $2,270-83.5% |
| Participant deferral / active EE | $1,422 | $2,739-48.1% | $3,500-59.4% | $3,740-62.0% |
| Admin fee / account holder | $371 | $581-36.0% | $6,685-94.4% | $513-27.6% |