Filed March 26, 2019
Total covered: 45 employees
| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1+ years Filed as: LPL FINANCIAL CORPORATION Service code 49 · EIN 95-2834236 | Other Services | $14,547 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,627 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $34,311 | $54,320-36.8% | $67,652-49.3% | $52,331-34.4% |
| Participation rate | 63.5% | 73.6%-10.1pp | 75.7%-12.2pp | 68.1%-4.6pp |
| Annual return | 3.91% | 6.81%-2.9pp | 6625.40%-6621.5pp | 4.54%-0.6pp |
| Employer contribution / active EE | $804 | $1,544-47.9% | $2,266-64.5% | $1,882-57.3% |
| Participant deferral / active EE | $2,349 | $2,950-20.4% | $3,560-34.0% | $3,022-22.3% |
| Admin fee / account holder | $26 | $527-95.1% | $4,821-99.5% | $592-95.6% |