Filed October 5, 2022
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| Provider | Service type | Compensation |
|---|---|---|
LPL FINANCIAL1+ years Filed as: FINANCIAL ADVOCATES INVESTMENT MGMT Service code 15 · EIN 27-0435466 | Recordkeeping | $14,730 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,365 | $205,797-85.7% | $63,244-53.6% | - |
| Participation rate | 85.1% | 64.1%+21.1pp | 71.0%+14.1pp | - |
| Annual return | 0.54% | 2.27%-1.7pp | -70.31%+70.8pp | - |
| Employer contribution / active EE | $1,590 | $1,757-9.5% | $2,322-31.5% | - |
| Participant deferral / active EE | $2,730 | $2,673+2.1% | $2,953-7.6% | - |
| Admin fee / account holder | $80 | $19,065-99.6% | $5,893-98.6% | - |