Filed September 23, 2022 (most recent of 2 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 55 · EIN 35-1151034 | Other Commissions | $53,980 |
Service code 37 · EIN 04-2647786 | Loan Processing | $5,325 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $72,003 | $57,921+24.3% | $84,753-15.0% | $57,658+24.9% |
| Participation rate | 56.5% | 72.9%-16.4pp | 76.6%-20.1pp | 70.2%-13.7pp |
| Annual return | 8.18% | 10.24%-2.1pp | 22.78%-14.6pp | 5.13%+3.0pp |
| Employer contribution / active EE | $464 | $2,598-82.2% | $3,574-87.0% | $1,974-76.5% |
| Participant deferral / active EE | $2,750 | $2,742+0.3% | $3,712-25.9% | $3,061-10.1% |
| Admin fee / account holder | $15 | $130-88.8% | $5,333-99.7% | $95-84.7% |