Filed August 24, 2018
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $40,855 |
TPA CORPORATION1+ years Filed as: TPA AT TIME OF FEE WITHDRAWL Service code 15 1177HYPOLUXO RD 1ST FL · LANTANA, FL 33462 | Recordkeeping | $9,699 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,675 | $41,256-49.9% | $86,581-76.1% | $77,958-73.5% |
| Participation rate | 43.6% | 63.0%-19.4pp | 73.5%-30.0pp | 71.6%-28.1pp |
| Annual return | 0.00% | 17.67%-17.7pp | 965.06%-965.1pp | 20.87%-20.9pp |
| Employer contribution / active EE | $232 | $1,613-85.6% | $2,840-91.8% | $2,310-90.0% |
| Participant deferral / active EE | $349 | $2,332-85.0% | $3,609-90.3% | $3,537-90.1% |
| Admin fee / account holder | $85 | $71+20.7% | $4,904-98.3% | $97-12.3% |