Filed August 24, 2022
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL3 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236 | Other Services | $15,259 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $5,466 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $88,075 | $74,616+18.0% | $90,461-2.6% | - |
| Participation rate | 51.5% | 67.7%-16.2pp | 72.7%-21.2pp | - |
| Annual return | 13.89% | 7.61%+6.3pp | 1294.76%-1280.9pp | - |
| Employer contribution / active EE | $3,222 | $1,474+118.6% | $3,264-1.3% | - |
| Participant deferral / active EE | $5,298 | $2,994+76.9% | $3,964+33.6% | - |
| Admin fee / account holder | $64 | $4,675-98.6% | $5,617-98.9% | - |