Filed March 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Contract Administrator | $169,892 |
BURLEIGH CONSULTING GROUP3+ years Service code 16 · EIN 62-0842964 465 JACK KRAMER DRIVE · MEMPHIS, TN 38117 | Consulting | $58,050 |
GAVION, LLC2 years Filed as: GAVION INVESTMENT Service code 27 · EIN 46-2642087 6000 POPLAR AVE, SUITE 325 · MEMPHIS, TN 38119 | Advisory (Plan) | $51,310 |
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: MEMPHIS CBIZ Service code 10 · EIN 43-1947695 25793 NETWORK PLACE · CHICAGO, IL 60673 | Accounting | $5,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $17,960 | $25,165-28.6% | $73,550-75.6% | $77,958-77.0% |
| Participation rate | 55.6% | 36.6%+19.0pp | 54.9%+0.7pp | 71.6%-16.0pp |
| Annual return | 21.14% | 18.12%+3.0pp | -15.16%+36.3pp | 20.87%+0.3pp |
| Employer contribution / active EE | $908 | $395+129.6% | $1,219-25.5% | $2,310-60.7% |
| Participant deferral / active EE | $1,431 | $898+59.4% | $1,804-20.7% | $3,537-59.5% |
| Admin fee / account holder | $213 | $76+180.8% | $2,320-90.8% | $97+118.4% |