Filed December 24, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070 P.O. BOX 2248 · FORT WAYNE, IN 468012248 | Contract Administrator | $15,606 |
Filed as: MILLENNIUM PENSION SERVICES, INC. Service code 15 · EIN 20-8792156 52 W SIERRA MADRE BLVD · SIERRA MADRE, CA 91024 | Recordkeeping | $400 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $34,036 | $53,412-36.3% | $68,509-50.3% | $52,331-35.0% |
| Participation rate | 30.0% | 71.7%-41.7pp | 74.7%-44.7pp | 68.1%-38.1pp |
| Annual return | -3.72% | 3.42%-7.1pp | 8.27%-12.0pp | 4.54%-8.3pp |
| Employer contribution / active EE | $881 | $1,607-45.2% | $2,278-61.3% | $1,882-53.2% |
| Participant deferral / active EE | $1,270 | $2,688-52.8% | $3,382-62.5% | $3,022-58.0% |
| Admin fee / account holder | $470 | $461+2.1% | $5,275-91.1% | $592-20.5% |