Filed October 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 36-1140070 | Contract Administrator | $10,254 |
STADION MONEY MANAGEMENT1+ years Service code 26 · EIN 58-2099805 | Advisory (Participants) | $5,087 |
PENSION STRATEGIES, LLC1+ years Service code 15 · EIN 20-0333992 | Recordkeeping | $2,135 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,680 | $38,595-54.2% | $80,004-77.9% | $52,331-66.2% |
| Participation rate | 77.4% | 64.5%+12.9pp | 73.0%+4.4pp | 68.1%+9.3pp |
| Annual return | 2.42% | 2.04%+0.4pp | 7.63%-5.2pp | 4.54%-2.1pp |
| Employer contribution / active EE | $1,270 | $1,133+12.1% | $2,473-48.6% | $1,882-32.5% |
| Participant deferral / active EE | $3,268 | $2,318+41.0% | $3,204+2.0% | $3,022+8.1% |
| Admin fee / account holder | $123 | $304-59.5% | $5,033-97.6% | $592-79.2% |