Filed December 9, 2019
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
LINCOLN NATIONAL CORPORATION7+ years Service code 13 · EIN 35-1140070 | Contract Administrator | $417,666 |
Filed as: VARIABLE ANNUITY LIFE INSURANCE CO. Service code 26 · EIN 74-1625348 | Advisory (Participants) | $12,721 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $96,958 | $67,512+43.6% | $185,854-47.8% | $93,010+4.2% |
| Participation rate | 30.0% | 67.1%-37.1pp | 81.7%-51.7pp | 73.9%-43.9pp |
| Annual return | 11.40% | 21.04%-9.6pp | 122.12%-110.7pp | 158.70%-147.3pp |
| Employer contribution / active EE | $2,469 | $1,783+38.5% | $5,169-52.2% | $2,705-8.7% |
| Participant deferral / active EE | $5,071 | $3,035+67.1% | $5,569-8.9% | $4,561+11.2% |
| Admin fee / account holder | $115 | $318-63.8% | $16,246-99.3% | $152-24.2% |