Filed March 1, 2024
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION4+ years Service code 13 · EIN 35-0472300 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Contract Administrator | $169,894 |
GAVION, LLC3 years Filed as: GAVION INVESTMENT Service code 27 · EIN 46-2642087 6000 POPLAR AVE SUITE 325 · MEMPHIS, TN 38119 | Advisory (Plan) | $62,741 |
BURLEIGH CONSULTING GROUP4+ years Service code 16 · EIN 62-0842964 465 JACK KRAMER DRIVE · MEMPHIS, TN 38117 | Consulting | $32,092 |
CBIZ RETIREMENT PLAN SERVICES4+ years Filed as: MEMPHIS CBIZ Service code 10 · EIN 43-1947695 25793 NETWORK PLACE · CHICAGO, IL 60673 | Accounting | $9,000 |
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 | $16,608 | $23,119-28.2% | $71,089-76.6% | $75,289-77.9% |
| Participation rate | 59.2% | 36.3%+22.9pp | 54.6%+4.6pp | 72.4%-13.2pp |
| Annual return | -5.03% | -3.32%-1.7pp | 650.65%-655.7pp | -0.04%-5.0pp |
| Employer contribution / active EE | $984 | $399+146.7% | $1,088-9.5% | $2,405-59.1% |
| Participant deferral / active EE | $1,596 | $960+66.2% | $1,873-14.8% | $3,739-57.3% |
| Admin fee / account holder | $158 | $89+76.1% | $3,082-94.9% | $102+54.1% |