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Recordkeeping fees per participant · LPL Financial LLC Profit Sharing 401(k) Plan · plan year 2024
$40.65
Higher than 38% of the 1,697 plans $250M to 1B that report it.
= $430,583 / 10,593
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002174212NAL0000752945001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002174212NAL0000752945001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-02.
Administrative expenses excluding investment management, per participant
$43.71
Higher than 25% of the 2,324 plans $250M to 1B that report it.
= $463,027 / 10,593
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002174212NAL0000752945001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002174212NAL0000752945001, received 2025-10-02
Administrative expenses per participant
$81.99
Higher than 46% of the 2,405 plans $250M to 1B that report it.
= $868,531 / 10,593
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002174212NAL0000752945001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002174212NAL0000752945001, received 2025-10-02
Administrative expenses as a share of assets
0.092%
Higher than 62% of the 2,407 plans $250M to 1B that report it.
= $868,531 / $939,646,246
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002174212NAL0000752945001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002174212NAL0000752945001, received 2025-10-02
Employer contributions per participant
$3,885
Higher than 62% of the 2,457 plans $250M to 1B that report it.
= $41,152,459 / 10,593
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002174212NAL0000752945001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002174212NAL0000752945001, received 2025-10-02
Employer share of total contributions
26.8%
Higher than 36% of the 2,459 plans $250M to 1B that report it.
= $41,152,459 / $153,390,192
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002174212NAL0000752945001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002174212NAL0000752945001, received 2025-10-02
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002174212NAL0000752945001, received 2025-10-02
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LPL FINANCIAL LLC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Plan name | LPL FINANCIAL LLC PROFIT SHARING 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Sponsor EIN / plan number | 95-2834236 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Sponsor location | SAN DIEGO, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Industry (business code) | 523120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Participants, beginning of year | 10,606 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Active participants | 8,946 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Participants, end of year | 10,827 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Participants with an account balance | 10,593 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total assets, beginning of year | $754,074,616 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total assets, end of year | $939,646,246 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Net assets, end of year | $939,646,246 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total income | $268,826,071 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Net income | $185,571,630 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Employer contributions | $41,152,459 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Participant contributions | $81,457,327 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $30,780,406 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total contributions | $153,390,192 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Benefit payments | $81,957,000 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $83,254,441 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Total administrative expenses | $868,531 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Contract administrator fees | $2,325 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Recordkeeping fees | $430,583 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| IQPA audit fees | $29,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Investment advisory and management fees | $405,504 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Administrative expenses excluding investment management | $463,027 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Held in common/collective trusts | $823,646,459 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Held in mutual funds | $91,014,795 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002174212NAL0000752945001, received 2025-10-02 |
| Independent auditor | LAVINE, LOFGREN, MORRIS & ENGEL | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002174212NAL0000752945001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002174212NAL0000752945001, received 2025-10-02.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $622,909 | yes |
| MERCER (US) INC MERCER INVESTMENTS | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $405,504 | no |
| LAVINE LOFGREN MORRIS & ENGELBERG L | AUDITOR | 10 Accounting (including auditing) | $29,000 | no |
| EMPOWER FINANCIAL SERVICES, INC. | BROKERAGE | 33 Securities brokerage | $2,325 | no |
| EMPOWER FINANCIAL SERVICES, INC. | BROKERAGE | 33 Securities brokerage | $800 | no |
| QDRO CONSULTANTS CO LLC | OTHER | 99 Other fees | $300 | no |
| EMPOWER FINANCIAL SERVICES, INC. | BROKERAGE | 72 Other investment fees and expenses | $20 | no |
| MERCER (US) INC | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $0 | no |
| EMPOWER FINANCIAL SERVICES, INC. | BROKERAGE | 59 Shareholder servicing fees | $0 | yes |
| EMPOWER FINANCIAL SERVICES, INC. | BROKERAGE | 63 Distribution (12b-1) fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251002174212NAL0000752945001, received 2025-10-02.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $754,074,616 | $939,646,246 | 24.6% |
| Participants with a balance | 10,402 | 10,593 | 1.8% |
| Administrative expenses | $803,628 | $868,531 | 8.1% |
| Recordkeeping fees per participant | $44.88 | $40.65 | -9.4% |
| Employer contributions | $33,180,230 | $41,152,459 | 24.0% |
Prior filing 20240812133847NAL0016230864001, received 2024-08-12; the plan years are contiguous.
Sponsor name as filed: LPL FINANCIAL LLC; SEC registrant: LPL Financial LLC (CIK 1403438, matched by EIN).