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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $74,262 |
MICHAEL ROSEN & COMPANY1 year Service code 13 · EIN 23-2808145 | Contract Administrator | $10,000 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $83,358 | $63,314+31.7% | $91,004-8.4% | $62,293+33.8% |
| Participation rate | 100.0% | 73.3%+26.7pp | 75.6%+24.4pp | 69.5%+30.5pp |
| Annual return | 13.50% | 21.00%-7.5pp | 4.60%+8.9pp | 28.90%-15.4pp |
| Employer contribution / active EE | $1,289 | $1,807-28.7% | $2,456-47.5% | $2,042-36.9% |
| Participant deferral / active EE | $4,349 | $2,944+47.8% | $3,548+22.6% | $3,169+37.2% |
| Admin fee / account holder | $350 | $468-25.2% | $5,417-93.5% | $479-27.1% |