Filed July 1, 2024 (most recent of 4 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-0472300 | Contract Administrator | $15,231 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $59,355 | $69,305-14.4% | $82,313-27.9% | $69,631-14.8% |
| Participation rate | 69.9% | 80.3%-10.3pp | 76.9%-7.0pp | 70.7%-0.8pp |
| Annual return | 15.19% | 21.47%-6.3pp | 25.88%-10.7pp | 27571.02%-27555.8pp |
| Employer contribution / active EE | $1,567 | $1,887-17.0% | $2,428-35.5% | $2,032-22.9% |
| Participant deferral / active EE | $2,568 | $3,568-28.0% | $3,706-30.7% | $3,224-20.3% |
| Admin fee / account holder | $64 | $97-34.1% | $5,608-98.9% | $110-42.1% |