# Lpl Financial LLC 401(k) Plan
Source: https://planprovider.pro/companies/lpl-financial-llc-401k-plan

> Lpl Financial LLC's 401(k) plan: 8,946 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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