Retirement plan

LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN

Name: LPL FINANCIAL LLC - LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: LPL FINANCIAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN, LPL FINANCIAL LLC

LPL FINANCIAL LLCEIN 95-2834236Plan #002PY 2024

4707 EXECUTIVE DR - SAN DIEGO, CA 92121858-779-5749lpl.comLinkedIn5001-10000 employeesfinancial services

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$939.6M

+24.6% from 2023

Total participants

10,827

+2.1% from 2023

Average account balance

$88,704

+22.4% from 2023

Annual return

19.22%

-5.78 pp from 2023

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$939.65M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

10,593

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$122.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.22%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$82

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$622,909
MERCER4 years Filed as: MERCER (US) INC MERCER INVESTMENTS Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673	Advisory (Plan)	$405,504
LAVINE, LOFGREN, MORRIS & ENGELBERG2 years Filed as: LAVINE LOFGREN MORRIS & ENGELBERG L Service code 10 4180 LA JOLLA VILLAGE DR STE 300 · LA JOLLA, CA 92037	Accounting	$29,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses; D...	$3,145
QDRO CONSULTANTS COMPANY, LLC10+ years Filed as: QDRO CONSULTANTS CO LLC Service code 99 3071 PEARL ROAD · MEDINA, OH 44256	Other Fees	$300
MERCER3 years Filed as: MERCER (US) INC Service code 27 21875 NETWORK PLACE · CHICAGO, IL 60673	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$869K

$97 / participant

Recordkeeping$431K49.6%
Investment mgmt$406K46.7%
Contract admin$2K0.3%
Other / not subdivided$30K3.5%

% of EOY assets

0.092%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LAVINE, LOFGREN, MORRIS & ENGEL
Auditor EIN: 330690020
Audit fees: $29,000
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,704

$145,516-39.0%

$184,203-51.8%

$99,062-10.5%

Participation rate

97.4%

90.3%+7.1pp

86.8%+10.6pp

71.6%+25.8pp

Annual return

19.22%

21.23%-2.0pp

28.81%-9.6pp

17.66%+1.6pp

Employer contribution / active EE

$4,600

$5,354-14.1%

$6,427-28.4%

$3,262+41.0%

Participant deferral / active EE

$9,105

$8,423+8.1%

$9,131-0.3%

$5,331+70.8%

Admin fee / account holder

$82

$78+5.5%

$13,901-99.4%

$109-24.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$622,909

MERCER4 years

Filed as: MERCER (US) INC MERCER INVESTMENTS

Service code 27

21875 NETWORK PLACE · CHICAGO, IL 60673

Advisory (Plan)

$405,504

LAVINE, LOFGREN, MORRIS & ENGELBERG2 years

Filed as: LAVINE LOFGREN MORRIS & ENGELBERG L

Service code 10

4180 LA JOLLA VILLAGE DR STE 300 · LA JOLLA, CA 92037

Accounting

$29,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses; D...

$3,145

QDRO CONSULTANTS COMPANY, LLC10+ years

Filed as: QDRO CONSULTANTS CO LLC

Service code 99

3071 PEARL ROAD · MEDINA, OH 44256

Other Fees

$300

MERCER3 years

Filed as: MERCER (US) INC

Service code 27

21875 NETWORK PLACE · CHICAGO, IL 60673

Advisory (Plan)

LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion