Providers › Investment advisory and management
Service provider · Schedule C, plan year 2024
LPL Financial
Most often reported for investment advisory and management
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
For plan year 2024, 1,148 retirement plans with 100 or more participants reported paying LPL Financial $5,000 or more. Those plans cover 1,811,867 participant records, and the service most often reported is investment advisory and management.
Reported compensation from those plans, direct and indirect, totalled $38.5M. Per plan, the median was $75.42 per participant, with the middle half of plans between $36.53 and $135. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in California (126), Pennsylvania (105) and Texas (97).
In 2011 it appeared on 5 such filings; in 2024, 1,151. Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $36.53 | $75.42 | $135 |
| Compensation as a share of plan net assets | 0.10% | 0.18% | 0.26% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| Paychex Pooled Employer 401(k) Plan | Paychex Retirement LLC | NY | 661,036 | $1.77B | $60K |
| Principal Ease 401(k) Plan | Principal Life Insurance Company | IA | 163,954 | $651M | $46K |
| Chs/community Health Systems, Inc. Retirement Savings Plan | Chs/community Health Systems, Inc. | TN | 88,285 | $4.78B | $192K |
| TCS 401(k) Plan | Tata America International Corporation | NJ | 60,401 | $2.36B | $390K |
| Providence Administrative Consulting Services Inc. 401(k) Profit Sharing Plan and Trust | Providence Administrative Consulting Services Inc. | UT | 30,857 | $199M | $119K |
| Comfort Systems USA, Inc. 401(k) Plan | Comfort Systems USA, Inc. | TX | 22,732 | $1.12B | $18K |
| Open PEP | Plan Professionals, LLC | NJ | 20,927 | $354M | $20K |
| Select Rehabilitation, LLC 401(k) Plan and Trust | Select Rehabilitation, LLC | IL | 17,263 | $279M | $75K |
| Buildwise | Plan Professionals, LLC | NJ | 16,629 | $650M | $13K |
| The Platinum 401(k) Retirement Savings Plan | Plan Fiduciary Services, Inc. | FL | 12,711 | $97.4M | $43K |
| American Business Institute Co. 401(k) Profit Sharing Plan & Trust | American Business Institute Co. | NY | 11,343 | $6.2M | $16K |
| MB2 Dental Solutions 401(k) Plan | MB2 Dental Solutions | TX | 10,338 | $170M | $50K |
| Empower HR Retirement Savings Plan | Empower HR, LLC | AZ | 9,928 | $114M | $127K |
| Firstcash 401(k) Profit Sharing Plan | Firstcash Holdings, Inc. | TX | 9,210 | $212M | $133K |
| Siteone Savings and Investment Plan | Siteone Landscape Supply Inc. | GA | 8,906 | $519M | $70K |
| Papa John's International, Inc. 401(k) Plan | Papa John's International, Inc. | GA | 8,664 | $115M | $40K |
| American Woodmark Corporation Retirement Savings Plan | American Woodmark Corporation | VA | 7,704 | $358M | $76K |
| Icon Retirement Plan | Icon Information Consultants, LP | TX | 7,218 | $63.5M | $23K |
| Solaris 401(k) Plan | Solaris Health Holdings, LLC | FL | 6,607 | $465M | $123K |
| Endeavor 401(k) Plan | Endeavor Parent, LLC | NY | 6,133 | $638M | $75K |
| Saddle Creek Corporation Retirement Savings Plan | Saddle Creek Corporation DBA Saddle Creek Logistics | FL | 5,902 | $156M | $12K |
| My HR Pros 401(k) Plan | My HR Pros | AR | 5,485 | $79.6M | $258K |
| The Service Companies 401(k) Profit Sharing Plan and Trust | The Service Companies, Inc. | FL | 5,379 | $4.3M | $19K |
| Skogen's Foodliner and Associates Retirement Savings Plan | Skogen's Foodliner, Inc. | WI | 5,339 | $131M | $56K |
| Flying Food Fare, Inc. 401(k) Plan | Flying Food Fare, Inc. | IL | 5,128 | $87.6M | $19K |
| American Furniture Warehouse 401(k) Plan | American Furniture Warehouse | CO | 4,574 | $96.0M | $38K |
| Apple Health Care, Inc. 401(k) Security Express | Apple Health Care, Inc. | CT | 4,478 | $86.4M | $50K |
| Assoc of Independent Colleges and Universities of Ohio MEP | Governing Comm of the Assoc of Ind College and Univ of Ohio MEP | OH | 4,446 | $480M | $71K |
| MBK Real Estate LLC 401(k) Plan | MBK Real Estate LLC | CA | 4,350 | $34.1M | $6,513 |
| Eduro Healthcare Retirement Plan | Eduro Healthcare, LLC | UT | 4,225 | $27.9M | $46K |
| 10 Roads Express 401(k) Plan | 10 Roads Express | IA | 4,217 | $63.0M | $55K |
| Everise Retirement Plan | Everise, Inc. | FL | 4,179 | $13.7M | $75K |
| Dynamic Human Resources, Inc. 401(k) Plan | Dynamic Human Resources, Inc. | MI | 3,858 | $69.3M | $176K |
| Avma Life Trust, LLC 401(k) Plan | Avma Life Trust, LLC | IL | 3,833 | $74.7M | $191 |
| Chelan Fresh Marketing/bhpo LP 401(k) Plan | Brewster Heights Packing & Orchards, LP | WA | 3,412 | $29.9M | $57K |
| Quantix SCS 401(k) Plan | Quantix SCS, LLC | IL | 3,374 | $85.2M | $60K |
| Caresave Technologies Inc. 401(k) Profit Sharing Plan & Trust | Caresave Technologies, Inc. | VA | 3,334 | $11.2M | $15K |
| Human Capital Concepts, LLC 401(k) Savings Plan | Human Capital Concepts, LLC | IN | 3,275 | $94.7M | $125K |
| Choice Pooled Employer Plan III | Administrative Group, LLC DBA Transamerica Fiduciary Services | IA | 3,224 | $53.0M | $2,185 |
| Phoenix Senior Living 401(k) Plan | Phoenix Senior Living | GA | 3,223 | $5.4M | $25K |
Questions and answers
How many plans does LPL Financial serve?
1,148 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay LPL Financial?
The median plan reported $75.42 per participant in direct and indirect compensation (1,112 plans reporting an amount), or 0.18% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Investment advisory (plan) (723 plans), Investment advisory (participants) (158 plans), Other services (71 plans) and Recordkeeping and information management (51 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.