Filed May 18, 2018
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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) | $8,334 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $2,615 |
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 | $17,532 | $57,921-69.7% | $84,753-79.3% | $57,658-69.6% |
| Participation rate | 87.2% | 72.9%+14.3pp | 76.6%+10.6pp | 70.2%+17.0pp |
| Annual return | 6.90% | 10.24%-3.3pp | 22.78%-15.9pp | 5.13%+1.8pp |
| Employer contribution / active EE | $933 | $2,598-64.1% | $3,574-73.9% | $1,974-52.7% |
| Participant deferral / active EE | $2,577 | $2,742-6.0% | $3,712-30.6% | $3,061-15.8% |
| Admin fee / account holder | $8 | $130-94.1% | $5,333-99.9% | $95-91.9% |