Filed June 28, 2015
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $26,321 |
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN FINANCIAL ADVS CORP Service code 27 | Advisory (Plan) | $14,444 |
LINCOLN NATIONAL CORPORATION1+ years Filed as: LINCOLN FINANCIAL ADVS COPRP Service code 27 · EIN 35-1151034 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,493 | $60,165-9.4% | $74,183-26.5% | $55,167-1.2% |
| Participation rate | 52.4% | 74.2%-21.7pp | 76.6%-24.2pp | 69.0%-16.6pp |
| Annual return | 6.15% | 10.00%-3.8pp | 17.74%-11.6pp | 169.23%-163.1pp |
| Employer contribution / active EE | $352 | $1,600-78.0% | $2,370-85.2% | $1,963-82.1% |
| Participant deferral / active EE | $2,008 | $2,973-32.5% | $3,550-43.4% | $3,054-34.3% |
| Admin fee / account holder | $346 | $419-17.4% | $5,586-93.8% | $504-31.3% |