Filed February 16, 2024
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-0472300 PO BOX 7877 · FORT WAYNE, IN 46802 | Contract Administrator | $83,344 |
DUNBAR, BENDER & ZAPF, INC.1+ years Service code 13 · EIN 25-1650062 437 GRANT STREET · PITTSBURGH, PA 15219 | Contract Administrator | $6,345 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $91,981 | $69,383+32.6% | $101,275-9.2% | $73,497+25.2% |
| Participation rate | 100.0% | 68.4%+31.6pp | 75.8%+24.2pp | 70.7%+29.3pp |
| Annual return | 15.08% | 18.46%-3.4pp | 46.48%-31.4pp | 28.51%-13.4pp |
| Employer contribution / active EE | $7,977 | $2,628+203.5% | $3,660+118.0% | $2,270+251.4% |
| Participant deferral / active EE | $2,498 | $3,301-24.3% | $4,371-42.9% | $3,740-33.2% |
| Admin fee / account holder | $521 | $704-26.0% | $5,948-91.2% | $513+1.5% |