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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION6 years Service code 13 · EIN 35-1140070 | Contract Administrator | $64,479 |
Filed as: MORGAN STANLEY GLOBAL BANKING Service code 26 · EIN 36-3145972 | Advisory (Participants) | $39,692 |
Service code 99 · EIN 74-2533381 | Other Fees | $7,413 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $54,875 | $91,474-40.0% | $135,982-59.6% | $71,529-23.3% |
| Participation rate | 93.4% | 75.7%+17.8pp | 81.9%+11.5pp | 67.9%+25.5pp |
| Annual return | 19.39% | 29.89%-10.5pp | 68.32%-48.9pp | 28.97%-9.6pp |
| Employer contribution / active EE | $3,825 | $3,705+3.2% | $4,859-21.3% | $2,590+47.7% |
| Participant deferral / active EE | $10,597 | $7,095+49.4% | $7,760+36.6% | $4,291+146.9% |
| Admin fee / account holder | $329 | $1,267-74.0% | $10,767-96.9% | $1,588-79.3% |