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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $21,591 |
Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 27 150 N. COLLEGE ST · CHARLOTTE, NC 28255 | Advisory (Plan) | $12,380 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $62,089 | $73,638-15.7% | $95,960-35.3% | $73,493-15.5% |
| Participation rate | 56.1% | 76.2%-20.0pp | 77.1%-20.9pp | 70.7%-14.5pp |
| Annual return | 10.38% | 16.78%-6.4pp | 91.63%-81.3pp | 28.51%-18.1pp |
| Employer contribution / active EE | $786 | $1,863-57.8% | $2,541-69.1% | $2,270-65.4% |
| Participant deferral / active EE | $2,400 | $3,617-33.6% | $4,167-42.4% | $3,740-35.8% |
| Admin fee / account holder | $464 | $482-3.8% | $6,797-93.2% | $513-9.6% |