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 CORPORATION4 years Service code 15 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $16,876 |
Filed as: MERRILL LYNCH Service code 15 PO BOX 74008967 · CHICAGO, IL 60674 | Recordkeeping | $9,625 |
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 200 DRYDEN RD E · DRESHER, PA 19025 | Recordkeeping | $4,975 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,282 | $53,344-62.0% | $121,169-83.3% | $74,440-72.8% |
| Participation rate | 30.8% | 60.0%-29.2pp | 69.5%-38.8pp | 70.7%-40.0pp |
| Annual return | 8.19% | 35.15%-27.0pp | 986.71%-978.5pp | 34.37%-26.2pp |
| Employer contribution / active EE | $201 | $1,898-89.4% | $4,168-95.2% | $2,638-92.4% |
| Participant deferral / active EE | $785 | $3,221-75.6% | $4,083-80.8% | $4,529-82.7% |
| Admin fee / account holder | $183 | $382-52.0% | $5,645-96.7% | $348-47.2% |