Filed January 18, 2022
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $25,498 |
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $8,035 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,217 | $46,332-75.8% | $143,797-92.2% | $64,824-82.7% |
| Participation rate | 26.8% | 64.2%-37.5pp | 80.3%-53.5pp | 71.5%-44.7pp |
| Annual return | -13.71% | -10.05%-3.7pp | -0.04%-13.7pp | 32.84%-46.6pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $583 | $2,647-78.0% | $5,638-89.7% | $4,311-86.5% |
| Admin fee / account holder | $95 | $154-38.4% | $14,679-99.4% | $188-49.5% |