Filed September 23, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION4+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 55 · EIN 35-1151034 | Other Commissions | $74,013 |
Service code 37 · EIN 04-2647786 | Loan Processing | $6,350 |
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 | $71,357 | $56,443+26.4% | $83,831-14.9% | $55,725+28.1% |
| Participation rate | 57.1% | 72.0%-14.9pp | 76.1%-19.0pp | 70.9%-13.8pp |
| Annual return | -6.37% | 393.67%-400.0pp | 850.99%-857.4pp | 244.93%-251.3pp |
| Employer contribution / active EE | $504 | $2,682-81.2% | $3,631-86.1% | $2,078-75.8% |
| Participant deferral / active EE | $3,043 | $2,965+2.6% | $4,082-25.4% | $3,356-9.3% |
| Admin fee / account holder | $15 | $156-90.5% | $5,479-99.7% | $115-87.2% |