Filed September 23, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION8+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 55 · EIN 35-1151034 | Other Commissions | $121,347 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$33,233 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,808 | $106,236-17.3% | $112,263-21.8% | $64,824+35.5% |
| Participation rate | 58.0% | 71.7%-13.7pp | 75.1%-17.1pp | 71.5%-13.5pp |
| Annual return | -15.52% | -6.02%-9.5pp | 27.49%-43.0pp | 32.84%-48.4pp |
| Employer contribution / active EE | $634 | $3,167-80.0% | $3,636-82.6% | $2,507-74.7% |
| Participant deferral / active EE | $4,060 | $3,786+7.2% | $4,729-14.2% | $4,311-5.8% |
| Admin fee / account holder | -$60 | $452-113.3% | $6,410-100.9% | $188-132.1% |