Filed January 25, 2021 (most recent of 4 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $10,752 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $11,914 | $45,382-73.7% | $154,111-92.3% | $75,289-84.2% |
| Participation rate | 36.1% | 65.9%-29.8pp | 83.0%-46.9pp | 72.4%-36.3pp |
| Annual return | -3.17% | -0.47%-2.7pp | 735.18%-738.4pp | -0.04%-3.1pp |
| Employer contribution / active EE | $296 | $1,533-80.7% | $5,298-94.4% | $2,405-87.7% |
| Participant deferral / active EE | $482 | $2,384-79.8% | $5,081-90.5% | $3,739-87.1% |
| Admin fee / account holder | $8 | $89-91.1% | $13,411-99.9% | $102-92.2% |