Filed February 3, 2020 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION3 years Filed as: LINCOLN RETIREMENT SERVICES COMPANY Service code 13 · EIN 35-0472300 | Contract Administrator | $28,209 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,750 | $45,000+1.7% | $143,757-68.2% | $77,904-41.3% |
| Participation rate | 22.5% | 66.8%-44.3pp | 80.3%-57.8pp | 73.7%-51.1pp |
| Annual return | -12.87% | 29.03%-41.9pp | -0.04%-12.8pp | 12.21%-25.1pp |
| Employer contribution / active EE | $0 | $1,870-100.0% | $4,951-100.0% | $2,848-100.0% |
| Participant deferral / active EE | $0 | $3,157-100.0% | $5,637-100.0% | $4,806-100.0% |
| Admin fee / account holder | $55 | $98-44.4% | $14,673-99.6% | $133-58.7% |