Filed October 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION10+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $5,934 |
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 | $58,707 | $93,351-37.1% | $62,929-6.7% | $79,634-26.3% |
| Participation rate | 68.9% | 74.6%-5.7pp | 73.1%-4.2pp | 62.5%+6.4pp |
| Annual return | 11.97% | 14.37%-2.4pp | 1063.93%-1052.0pp | 36.46%-24.5pp |
| Employer contribution / active EE | $751 | $3,135-76.0% | $2,505-70.0% | $2,529-70.3% |
| Participant deferral / active EE | $2,884 | $3,921-26.4% | $3,888-25.8% | $3,835-24.8% |
| Admin fee / account holder | $9 | $229-96.3% | $5,065-99.8% | $1,002-99.2% |