Filed June 26, 2020 (most recent of 4 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION8+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $270,857 |
Filed as: PRINCIPAL FINANCIAL GROUP Service code 26 · EIN 42-0127290 | Advisory (Participants) | $1,183 |
Employer contribution per participant 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 | $77,600 | $83,057-6.6% | $143,801-46.0% | $89,433-13.2% |
| Participation rate | 94.0% | 74.0%+20.0pp | 80.3%+13.7pp | 71.3%+22.8pp |
| Annual return | -15.24% | -13.97%-1.3pp | -0.04%-15.2pp | -11.88%-3.4pp |
| Employer contribution / active EE | -$0 | $2,095-100.0% | $4,952-100.0% | $3,021-100.0% |
| Participant deferral / active EE | $8,161 | $4,281+90.7% | $5,639+44.7% | $5,125+59.2% |
| Admin fee / account holder | $15 | $83-82.1% | $14,680-99.9% | $79-81.3% |