Filed January 23, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $29,930 |
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $15,536 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $92,079 | $61,052+50.8% | $142,874-35.6% | $79,393+16.0% |
| Participation rate | 40.9% | 60.1%-19.2pp | 72.0%-31.1pp | 70.7%-29.8pp |
| Annual return | 14.83% | 16.02%-1.2pp | 5638.58%-5623.8pp | 116.87%-102.0pp |
| Employer contribution / active EE | $605 | $1,481-59.1% | $4,145-85.4% | $2,428-75.1% |
| Participant deferral / active EE | $2,276 | $2,879-21.0% | $3,838-40.7% | $4,046-43.8% |
| Admin fee / account holder | $475 | $659-27.9% | $6,561-92.8% | $627-24.2% |