Filed January 10, 2023
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611 | Advisory (Plan) | $24,227 |
Service code 15 · EIN 13-3689044 | Recordkeeping | $21,986 |
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843 | Recordkeeping | $825 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,293 | $136,307-36.0% | $177,848-50.9% | $73,497+18.8% |
| Participation rate | 82.1% | 86.1%-4.0pp | 87.7%-5.6pp | 70.7%+11.4pp |
| Annual return | 26.94% | 18.68%+8.3pp | 48.33%-21.4pp | 28.51%-1.6pp |
| Employer contribution / active EE | $4,571 | $3,712+23.1% | $5,919-22.8% | $2,270+101.3% |
| Participant deferral / active EE | $12,943 | $5,829+122.1% | $7,714+67.8% | $3,740+246.1% |
| Admin fee / account holder | $331 | $596-44.4% | $12,431-97.3% | $513-35.5% |