Filed September 30, 2022
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-0472300 | Contract Administrator | $50,999 |
Service code 14 · EIN 11-3271022 | Plan Administrator | $840 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,255 | $88,122-73.6% | $141,197-83.5% | $67,582-65.6% |
| Participation rate | 61.5% | 76.5%-15.0pp | 82.5%-21.0pp | 71.3%-9.8pp |
| Annual return | 32.51% | 75.40%-42.9pp | 71.41%-38.9pp | 378.57%-346.1pp |
| Employer contribution / active EE | $426 | $3,224-86.8% | $4,736-91.0% | $2,148-80.2% |
| Participant deferral / active EE | $4,282 | $5,958-28.1% | $6,710-36.2% | $3,539+21.0% |
| Admin fee / account holder | $121 | $131-7.9% | $10,265-98.8% | $142-15.3% |