Filed January 23, 2020
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $26,462 |
LPL FINANCIAL5 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $15,001 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $77,474 | $45,602+69.9% | $117,533-34.1% | $66,938+15.7% |
| Participation rate | 32.6% | 57.6%-25.0pp | 70.6%-38.0pp | 69.8%-37.2pp |
| Annual return | -18.21% | -16.74%-1.5pp | 29.77%-48.0pp | 1.58%-19.8pp |
| Employer contribution / active EE | $988 | $1,579-37.4% | $4,179-76.4% | $2,545-61.2% |
| Participant deferral / active EE | $1,939 | $2,845-31.8% | $4,072-52.4% | $4,238-54.3% |
| Admin fee / account holder | $427 | $661-35.4% | $5,647-92.4% | $594-28.0% |