Filed August 24, 2023
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC-RPCP Service code 27 · EIN 04-3046611 | Advisory (Plan) | $69,964 |
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $32,997 |
MORNINGSTAR1 year 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 | $315,689 | $65,428+382.5% | $169,397+86.4% | $71,529+341.3% |
| Participation rate | 94.8% | 66.9%+28.0pp | 77.2%+17.7pp | 67.9%+26.9pp |
| Annual return | 17.90% | 21.35%-3.4pp | 406.23%-388.3pp | 28.97%-11.1pp |
| Employer contribution / active EE | $12,654 | $2,064+513.1% | $4,013+215.3% | $2,590+388.6% |
| Participant deferral / active EE | $12,108 | $4,360+177.7% | $6,223+94.6% | $4,291+182.1% |
| Admin fee / account holder | $422 | $1,328-68.2% | $9,017-95.3% | $1,588-73.4% |