Filed January 30, 2020
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION8+ years Service code 13 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Contract Administrator | $53,066 |
TIAA8+ years Service code 13 · EIN 13-1624203 | Contract Administrator | $750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $131,375 | $105,179+24.9% | $64,101+105.0% | $80,157+63.9% |
| Participation rate | 55.4% | 73.5%-18.2pp | 72.3%-16.9pp | 72.9%-17.6pp |
| Annual return | 10.48% | 20.34%-9.9pp | 33.72%-23.2pp | 40.39%-29.9pp |
| Employer contribution / active EE | $4,313 | $3,311+30.3% | $2,749+56.9% | $2,977+44.9% |
| Participant deferral / active EE | $2,341 | $4,020-41.8% | $3,881-39.7% | $5,015-53.3% |
| Admin fee / account holder | $36 | $113-68.0% | $3,070-98.8% | $145-75.0% |