Filed October 6, 2020
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-0472300 | Contract Administrator | $132,186 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,441 | $50,982+20.5% | $154,803-60.3% | $85,563-28.2% |
| Participation rate | 58.2% | 59.8%-1.5pp | 78.1%-19.8pp | 66.0%-7.7pp |
| Annual return | 15.18% | 30.35%-15.2pp | 58.88%-43.7pp | 31.51%-16.3pp |
| Employer contribution / active EE | $1,493 | $1,708-12.6% | $4,305-65.3% | $2,654-43.7% |
| Participant deferral / active EE | $2,424 | $2,474-2.0% | $5,540-56.3% | $4,375-44.6% |
| Admin fee / account holder | $156 | $846-81.6% | $14,329-98.9% | $834-81.4% |