Filed October 6, 2020
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-0472300 | Contract Administrator | $114,093 |
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 | $36,668 | $46,332-20.9% | $143,799-74.5% | $64,819-43.4% |
| Participation rate | 84.8% | 64.2%+20.6pp | 80.3%+4.5pp | 71.5%+13.4pp |
| Annual return | -12.68% | -10.05%-2.6pp | -0.04%-12.6pp | 32.84%-45.5pp |
| Employer contribution / active EE | $2,474 | $1,911+29.4% | $4,952-50.0% | $2,507-1.3% |
| Participant deferral / active EE | $2,345 | $2,647-11.4% | $5,638-58.4% | $4,311-45.6% |
| Admin fee / account holder | $112 | $154-27.3% | $14,677-99.2% | $188-40.4% |