Filed December 22, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: LINCOLN NATIONAL LIFE INSURANCE CO. Service code 64 · EIN 35-0472300 1300 S. CLINTON STREET · FORT WAYNE, IN 468012248 | Recordkeeping Fees | $24,352 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,259 | $58,895-28.2% | $178,503-76.3% | $73,497-42.5% |
| Participation rate | 56.0% | 66.2%-10.2pp | 81.9%-25.9pp | 70.7%-14.6pp |
| Annual return | 11.76% | 24.86%-13.1pp | 151.12%-139.4pp | 28.51%-16.8pp |
| Employer contribution / active EE | $1,649 | $2,236-26.3% | $5,011-67.1% | $2,270-27.4% |
| Participant deferral / active EE | $2,824 | $2,567+10.0% | $5,202-45.7% | $3,740-24.5% |
| Admin fee / account holder | $248 | $400-37.9% | $13,987-98.2% | $513-51.6% |