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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION4 years Service code 13 · EIN 35-1140070 | Contract Administrator | $29,917 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,695 | $39,948-33.2% | $89,414-70.1% | $73,412-63.6% |
| Participation rate | 43.9% | 50.4%-6.5pp | 68.0%-24.1pp | 72.2%-28.3pp |
| Annual return | 14.16% | 50.12%-36.0pp | 245.50%-231.3pp | 59.30%-45.1pp |
| Employer contribution / active EE | $1,026 | $1,200-14.5% | $2,586-60.3% | $2,234-54.1% |
| Participant deferral / active EE | $1,745 | $2,193-20.4% | $3,890-55.1% | $3,806-54.1% |
| Admin fee / account holder | $251 | $134+87.1% | $4,883-94.9% | $158+59.0% |