Filed August 24, 2018
Total covered: 7 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $138,245 |
TPA CORPORATION2+ years Filed as: TPA AT TIME OF FEE WITHDRAWL Service code 15 1177HYPOLUXO RD 1ST FL · LANTANA, FL 33462 | Recordkeeping | $57,427 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $0 | $37,884-100.0% | $79,476-100.0% | $75,289-100.0% |
| Participation rate | 0.0% | 65.0%-65.0pp | 73.3%-73.3pp | 72.4%-72.4pp |
| Annual return | -5.42% | 1.06%-6.5pp | 718.21%-723.6pp | -0.04%-5.4pp |
| Employer contribution / active EE | $619 | $1,680-63.2% | $2,800-77.9% | $2,405-74.3% |
| Participant deferral / active EE | $1,150 | $2,569-55.2% | $3,704-69.0% | $3,739-69.2% |
| Admin fee / account holder | $0 | $77-100.0% | $5,113-100.0% | $102-100.0% |