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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $58,121-62.7% | $130,788-83.4% | $64,728-66.5% |
| Participation rate | 42.7% | 34.7%+8.0pp | 70.1%-27.4pp | 57.9%-15.2pp |
| Annual return | 9.08% | 102.13%-93.1pp | 386.44%-377.4pp | 49.38%-40.3pp |
| Employer contribution / active EE | $478 | $1,281-62.7% | $3,558-86.6% | $2,243-78.7% |
| Participant deferral / active EE | $1,120 | $2,137-47.6% | $4,137-72.9% | $2,729-59.0% |
| Admin fee / account holder | $183 | $1,703-89.3% | $6,673-97.3% | $1,145-84.1% |