Filed March 22, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $113,842 |
LPL FINANCIAL3 years Filed as: LPL FINANCIAL CORPORATION Service code 99 · EIN 04-3046611 | Other Fees | $62,507 |
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 | $52,137 | $89,067-41.5% | $102,423-49.1% | $77,714-32.9% |
| Participation rate | 92.0% | 80.9%+11.1pp | 76.5%+15.5pp | 70.6%+21.5pp |
| Annual return | 17.81% | 25.01%-7.2pp | 29.42%-11.6pp | 31.26%-13.4pp |
| Employer contribution / active EE | $2,153 | $2,699-20.2% | $3,023-28.8% | $2,727-21.0% |
| Participant deferral / active EE | $6,684 | $5,147+29.9% | $5,054+32.2% | $4,649+43.8% |
| Admin fee / account holder | $178 | $236-24.4% | $9,455-98.1% | $433-58.8% |