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 CORPORATION5 years Service code 15 P.O. BOX 7877 · FORT WAYNE, IN 46802 | Recordkeeping | $25,815 |
Filed as: MERRILL LYNCH Service code 15 PO BOX 74008967 · CHICAGO, IL 60674 | Recordkeeping | $12,762 |
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 200 DRYDEN RD E · DRESHER, PA 19025 | Recordkeeping | $6,224 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,329 | $58,859-63.8% | $129,339-83.5% | $77,692-72.5% |
| Participation rate | 45.2% | 59.3%-14.2pp | 69.6%-24.5pp | 70.6%-25.4pp |
| Annual return | 16.82% | 24.74%-7.9pp | 9437.05%-9420.2pp | 31.25%-14.4pp |
| Employer contribution / active EE | $351 | $1,952-82.0% | $4,154-91.6% | $2,726-87.1% |
| Participant deferral / active EE | $1,092 | $3,215-66.0% | $4,170-73.8% | $4,648-76.5% |
| Admin fee / account holder | $237 | $591-59.9% | $7,668-96.9% | $431-44.9% |