Filed July 17, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $370,784 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $26,825 | $43,110-37.8% | $156,551-82.9% | $65,292-58.9% |
| Participation rate | 68.6% | 69.3%-0.7pp | 84.0%-15.4pp | 72.4%-3.8pp |
| Annual return | 0.83% | 11.24%-10.4pp | 32.23%-31.4pp | 11.84%-11.0pp |
| Employer contribution / active EE | $563 | $1,702-66.9% | $5,501-89.8% | $2,302-75.5% |
| Participant deferral / active EE | $2,763 | $2,520+9.6% | $4,871-43.3% | $3,579-22.8% |
| Admin fee / account holder | $71 | $47+50.9% | $13,028-99.5% | $57+24.3% |