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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH Service code 13 · EIN 13-5674085 | Contract Administrator | $41,939 |
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $33,514 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $73,151 | $69,383+5.4% | $101,275-27.8% | $73,497-0.5% |
| Participation rate | 93.1% | 68.4%+24.8pp | 75.8%+17.3pp | 70.7%+22.4pp |
| Annual return | 13.61% | 18.46%-4.9pp | 46.48%-32.9pp | 28.51%-14.9pp |
| Employer contribution / active EE | $2,454 | $2,628-6.6% | $3,660-33.0% | $2,270+8.1% |
| Participant deferral / active EE | $6,141 | $3,301+86.0% | $4,371+40.5% | $3,740+64.2% |
| Admin fee / account holder | $452 | $704-35.8% | $5,948-92.4% | $513-11.9% |