Filed August 24, 2023
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL5 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $83,302 |
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $40,174 |
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $362,069 | $73,532+392.4% | $178,505+102.8% | $74,478+386.1% |
| Participation rate | 94.3% | 66.6%+27.7pp | 77.1%+17.1pp | 67.2%+27.0pp |
| Annual return | 17.13% | 17.49%-0.4pp | 27.16%-10.0pp | 1370.56%-1353.4pp |
| Employer contribution / active EE | $13,491 | $2,221+507.5% | $3,955+241.1% | $2,626+413.7% |
| Participant deferral / active EE | $12,613 | $4,519+179.1% | $6,280+100.8% | $4,350+189.9% |
| Admin fee / account holder | $488 | $1,813-73.1% | $10,428-95.3% | $1,946-74.9% |