Filed March 4, 2024 (most recent of 2 filings on file)
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION6 years Service code 15 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $22,872 |
Filed as: MERRILL LYNCH Service code 15 PO BOX 74008967 · CHICAGO, IL 60674 | Recordkeeping | $10,018 |
ASCENSUS LLC4 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 PO BOX 734602 · CHICAGO, IL 60673 | Recordkeeping | $6,137 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $21,654 | $66,444-67.4% | $120,225-82.0% | $79,634-72.8% |
| Participation rate | 42.7% | 42.8%-0.1pp | 69.6%-26.9pp | 62.5%-19.8pp |
| Annual return | 9.08% | 53.37%-44.3pp | 439.23%-430.1pp | 36.46%-27.4pp |
| Employer contribution / active EE | $478 | $1,860-74.3% | $3,475-86.3% | $2,529-81.1% |
| Participant deferral / active EE | $1,120 | $2,798-60.0% | $3,999-72.0% | $3,835-70.8% |
| Admin fee / account holder | $183 | $1,295-85.9% | $5,696-96.8% | $1,002-81.8% |