Filed July 24, 2020 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $42,247 |
LPL FINANCIAL5 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $18,000 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,288 | $79,171-34.0% | $102,423-48.9% | $74,495-29.8% |
| Participation rate | 87.6% | 74.8%+12.8pp | 76.5%+11.1pp | 67.2%+20.4pp |
| Annual return | 14.49% | 54.93%-40.4pp | 29.32%-14.8pp | 1364.94%-1350.5pp |
| Employer contribution / active EE | $1,321 | $2,362-44.1% | $3,023-56.3% | $2,623-49.6% |
| Participant deferral / active EE | $3,799 | $4,415-14.0% | $5,053-24.8% | $4,346-12.6% |
| Admin fee / account holder | $320 | $2,001-84.0% | $9,451-96.6% | $1,942-83.5% |