Plan Snapshot
- Plan Sponsor: Lpl Financial LLC
- Sponsor EIN: 952834236
- Sponsor Address: 4707 EXECUTIVE DR, SAN DIEGO, CA, 92121
- Plan Type: 401(k)
- Total Participants: 8,946
- Total Assets: $939.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 8,946 | $939.6M | $41.2M | $81.5M |
| 2023 | 8,355 | $754.1M | $33.2M | $66.9M |
| 2022 | 6,864 | $562.5M | $26.5M | $52.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $622,909 | — | $622,909 |
| MERCER (US) INC MERCER INVESTMENTS | INVESTMENT ADVISOR | $405,504 | — | $405,504 |
| LAVINE LOFGREN MORRIS & ENGELBERG L | AUDITOR | $29,000 | — | $29,000 |
| LAVINE, LOFGREN, MORRIS & ENGEL | Auditor | $29,000 | — | $29,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,086,413
- Estimated Expense Ratio: 0.116% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $868,531 | $405,504 | $2,325 | $29,000 | — |
| 2023 | $803,628 | $309,014 | — | $26,900 | — |
| 2022 | $853,489 | — | $853,489 | — | — |