Plan Ledger DOL Form 5500 · updated monthly

Lincoln National Life Insurance Company401(k) + ESOP (KSOP)

LNL AGENTS' 401(K) SAVINGS PLAN · RADNOR, PA · plan year 2023

Reported admin expense ratio · 2023
0.00%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Lincoln National Life Insurance Company reported $5,378 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,749 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.002% to 0.001%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 239th-largest of 3,651 plans among Pennsylvania employers on file, and the 502nd of 4,798 in finance & insurance. In 2023, employees put in $3.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$248,337,955
Participants with balances709
Active participants571
Employer contributions$998,751
Employee contributions$3,209,351
Employer contribution per active participant$1,749
Average account balance$350,265
Benefits paid to participants$27,530,095
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$226.3M · 616 accts · $417K emplr
2023$248.3M · 709 accts · $999K emplr
2022$239.4M · 833 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Investment management$5,378
Total administrative$5,378
The Lincoln National Life Insurance Company 401(k) match · 2023
Employer contribution per active participant$1,749
Median for plans this size$3,659
2024$1,068 per active participant
2023$1,749 per active participant
2022$2,236 per active participant

Lincoln National Life Insurance Company's 2023 employer contribution ran below the $3,659 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
CALLAN ASSOCIATES · Investment management$5,378

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$2,936 · 0.00%
2023$5,378 · 0.00%
2022$4,255 · 0.00%
All plans at this employer3
LNL MONEY PURCHASE PLANMoney purchase plan
LNL AGENTS' 401(K) SAVINGS PLAN401(k) + ESOP (KSOP)
LNL ABGA MONEY PURCHASE PLANESOP
Same employer
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Radian Group, Inc. PA$333.1M · 0.02%
Northwest Bank PA$259.4M · 0.10%
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The Glenmede Corporation PA$230.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350472300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.