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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-1140070 | Contract Administrator | $19,064 |
LEBENSON ACTUARIAL SERVICES3 years Filed as: LEBENSON ACTUARIAL SERVICES, INC. Service code 15 · EIN 38-2799783 | Recordkeeping | $600 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $16,492 | $33,067-50.1% | $76,518-78.4% | $56,287-70.7% |
| Participation rate | 45.9% | 55.4%-9.5pp | 68.0%-22.1pp | 69.9%-23.9pp |
| Annual return | -11.35% | 2.72%-14.1pp | -0.27%-11.1pp | -9.96%-1.4pp |
| Employer contribution / active EE | $1,141 | $1,200-5.0% | $2,647-56.9% | $2,111-46.0% |
| Participant deferral / active EE | $1,789 | $2,240-20.1% | $3,836-53.4% | $3,350-46.6% |
| Admin fee / account holder | $174 | $537-67.6% | $4,849-96.4% | $521-66.6% |