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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $20,509 |
BURKE & SCHINDLER, PLL2+ years Service code 15 · EIN 31-1452011 | Recordkeeping | $12,750 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,257 | $42,546-50.0% | $71,796-70.4% | $55,167-61.5% |
| Participation rate | 44.1% | 59.1%-15.1pp | 69.1%-25.1pp | 69.0%-24.9pp |
| Annual return | 6.75% | 12.36%-5.6pp | 78.04%-71.3pp | 169.23%-162.5pp |
| Employer contribution / active EE | $2,734 | $803+240.4% | $1,924+42.1% | $1,963+39.3% |
| Participant deferral / active EE | $1,355 | $2,064-34.3% | $2,794-51.5% | $3,054-55.6% |
| Admin fee / account holder | $90 | $650-86.2% | $4,815-98.1% | $504-82.2% |