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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL, LLC Service code 71 · EIN 95-2834236 | Brokerage Fees | $12,851 |
NATIONWIDE3+ years Service code 64 · EIN 31-4156830 | Recordkeeping Fees | $11,713 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported that benefits due were not provided when due.
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 | $13,163 | $28,416-53.7% | $73,550-82.1% | $69,631-81.1% |
| Participation rate | 23.7% | 38.3%-14.6pp | 54.9%-31.2pp | 70.7%-47.0pp |
| Annual return | 16.09% | -694.13%+710.2pp | -15.16%+31.2pp | 27571.02%-27554.9pp |
| Employer contribution / active EE | $85 | $430-80.2% | $1,219-93.0% | $2,032-95.8% |
| Participant deferral / active EE | $435 | $897-51.5% | $1,804-75.9% | $3,224-86.5% |
| Admin fee / account holder | $132 | $104+26.8% | $2,320-94.3% | $110+19.8% |