Filed August 28, 2009 (most recent of 4 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION5+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $74,598 |
Filed as: PALMER RETIREMENT CONSULTING Service code 16 · EIN 81-0701292 | Consulting | $36,750 |
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.
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 | $51,154 | $58,202-12.1% | $172,757-70.4% | $89,609-42.9% |
| Participation rate | 63.8% | 72.8%-9.0pp | 82.6%-18.8pp | 69.6%-5.7pp |
| Annual return | 25.82% | 61.59%-35.8pp | 803.06%-777.2pp | 33.65%-7.8pp |
| Employer contribution / active EE | $0 | $1,759-100.0% | $5,144-100.0% | $2,584-100.0% |
| Participant deferral / active EE | $3,220 | $3,335-3.4% | $5,198-38.1% | $4,222-23.7% |
| Admin fee / account holder | $12 | $53-77.6% | $13,956-99.9% | $72-83.6% |