Filed June 26, 2020 (most recent of 4 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $445,592 |
Filed as: PRINCIPAL FINANCIAL GROUP Service code 27 · EIN 42-0127290 | Advisory (Plan) | $2,365 |
Employer contribution per participant 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 | $57,859 | $46,969+23.2% | $154,110-62.5% | $73,367-21.1% |
| Participation rate | 92.3% | 72.4%+19.9pp | 83.0%+9.3pp | 69.5%+22.9pp |
| Annual return | -2.92% | 821.68%-824.6pp | 735.22%-738.1pp | 173.45%-176.4pp |
| Employer contribution / active EE | $1 | $1,723-100.0% | $5,298-100.0% | $2,499-100.0% |
| Participant deferral / active EE | $6,174 | $3,162+95.2% | $5,081+21.5% | $4,033+53.1% |
| Admin fee / account holder | $28 | $47-39.1% | $13,412-99.8% | $68-58.5% |