Filed April 20, 2018
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $22,246 |
KORNERSTONE, INC.1 year Service code 27 · EIN 46-4657858 | Advisory (Plan) | $9,828 |
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070 | Contract Administrator | $625 |
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,151 | $47,977-68.4% | $154,107-90.2% | $56,287-73.1% |
| Participation rate | 77.7% | 66.2%+11.5pp | 83.0%-5.3pp | 69.9%+7.9pp |
| Annual return | -9.75% | 3.54%-13.3pp | 735.12%-744.9pp | -9.96%+0.2pp |
| Employer contribution / active EE | $1,105 | $2,169-49.0% | $5,298-79.1% | $2,111-47.6% |
| Participant deferral / active EE | $4,119 | $2,392+72.2% | $5,081-18.9% | $3,350+23.0% |
| Admin fee / account holder | $140 | $438-68.1% | $13,411-99.0% | $521-73.1% |