Form 5500 Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Annual Return/Report of Employee Benefit Plan This form is required to be filed for employee benefit plans under sections 104 and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and sections 6057(b) and 6058(a) of the Internal Revenue Code (the Code). Complete all entries in accordance with the instructions to the Form 5500. OMB Nos. 1210-0110 1210-0089 2019 This Form is Open to Public Inspection Part I Annual Report Identification Information For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending 12/31/2019 A X a multiemployer plan X a multiple-employer plan (Filers checking this box must attach a list of This return/report is for: participating employer information in accordance with the form instructions.) X a single-employer plan X a DFE (specify) _C_ B This return/report is: X the first return/report X the final return/report X an amended return/report X a short plan year return/report (less than 12 months) C If the plan is a collectively-bargained plan, check here............................................................ X D Check box if filing under: X Form 5558 X automatic extension X the DFVC program X special extension (enter description) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Part II Basic Plan Information enter all requested information 1a Name of plan ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR ABCDEFGHI EMPLOYEES HIRED ABCDEFGHI PRIOR TO ABCDEFGHI JANUARY 1 2008 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 2a Plan sponsor s name (employer, if for a single-employer plan) Mailing address (include room, apt., suite no. and street, or P.O. Box) City or town, state or province, country, and ZIP or foreign postal code (if foreign, see instructions) LINCOLN ABCDEFGHI NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI D/B/A ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI CORPORATE ABCDEFGHI BENEFITS 150 c/o N RADNOR ABCDEFGHI CHESTER ABCDEFGHI ROAD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI RADNOR, PA 19087 123456789 ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITYEFGHI ABCDEFGHI AB, ST 012345678901 UK Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established. 1b Three-digit plan number (PN) 001 011 1c Effective date of plan YYYY-MM-DD 01/01/1938 2b Employer Identification Number (EIN) 012345678 35-1140070 2c Plan Sponsor s telephone number 0123456789 484-583-1760 2d Business code (see instructions) 012345 551112 Under penalties of perjury and other penalties set forth in the instructions, I declare that I have examined this return/report, including accompanying schedules, statements and attachments, as well as the electronic version of this return/report, and to the best of my knowledge and belief, it is true, correct, and complete. SIGN HERE Filed with authorized/valid electronic signature. YYYY-MM-DD 09/21/2020 KATHLEEN ABCDEFGHI M. BIDDLE ABCDEFGHI ABCDEFGHI ABCDE Signature of plan administrator Date Enter name of individual signing as plan administrator SIGN HERE YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE Signature of employer/plan sponsor Date Enter name of individual signing as employer or plan sponsor SIGN YYYY-MM-DD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE HERE Signature of DFE Date Enter name of individual signing as DFE For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Form 5500 (2019) v. 190130
Form 5500 (2019) Page 2 3a Plan administrator s name and address X Same as Plan Sponsor LINCOLN NATIONAL CORPORATION BENEFITS COMMITTEE ABCDEFGHI COMMITTEE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c/o 150 N. ABCDEFGHI RADNOR-CHESTER ABCDEFGHI ROAD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI RADNOR, PA 19087 123456789 ABCDEFGHI ABCDEFGHI ABCDE 123456789 ABCDEFGHI ABCDEFGHI ABCDE CITYEFGHI ABCDEFGHI AB, ST 012345678901 UK 4 If the name and/or EIN of the plan sponsor or the plan name has changed since the last return/report filed for this plan, enter the plan sponsor s name, EIN, the plan name and the plan number from the last return/report: a Sponsor s name c Plan Name 3b Administrator s EIN 012345678 35-1620788 3c Administrator s telephone number 0123456789 484-583-1760 4b EIN012345678 4d PN 012 5 Total number of participants at the beginning of the plan year 5 123456789012 16188 6 Number of participants as of the end of the plan year unless otherwise stated (welfare plans complete only lines 6a(1), 6a(2), 6b, 6c, and 6d). a(1) Total number of active participants at the beginning of the plan year... 6a(1) a(2) Total number of active participants at the end of the plan year... 6a(2) 3020 2765 b Retired or separated participants receiving benefits... 6b 123456789012 5398 c Other retired or separated participants entitled to future benefits... 6c 123456789012 6998 d Subtotal. Add lines 6a(2), 6b, and 6c.... 6d 123456789012 15161 e Deceased participants whose beneficiaries are receiving or are entitled to receive benefits.... 6e 123456789012 648 f Total. Add lines 6d and 6e.... 6f 123456789012 15809 g Number of participants with account balances as of the end of the plan year (only defined contribution plans complete this item)... 6g 123456789012 h Number of participants who terminated employment during the plan year with accrued benefits that were less than 100% vested... 6h 123456789012 7 Enter the total number of employers obligated to contribute to the plan (only multiemployer plans complete this item)... 7 8a If the plan provides pension benefits, enter the applicable pension feature codes from the List of Plan Characteristics Codes in the instructions: 1A 1C b If the plan provides welfare benefits, enter the applicable welfare feature codes from the List of Plan Characteristics Codes in the instructions: 9a Plan funding arrangement (check all that apply) 9b Plan benefit arrangement (check all that apply) (1) X Insurance (1) X Insurance (2) X Code section 412(e)(3) insurance contracts (2) X Code section 412(e)(3) insurance contracts (3) X Trust (3) X Trust (4) X General assets of the sponsor (4) X General assets of the sponsor 10 Check all applicable boxes in 10a and 10b to indicate which schedules are attached, and, where indicated, enter the number attached. (See instructions) a Pension Schedules b General Schedules (1) X R (Retirement Plan Information) (1) X H (Financial Information) (2) X MB (Multiemployer Defined Benefit Plan and Certain Money Purchase Plan Actuarial Information) - signed by the plan actuary (3) X SB (Single-Employer Defined Benefit Plan Actuarial Information) - signed by the plan actuary (2) X I (Financial Information Small Plan) (3) X 0 A (Insurance Information) (4) X C (Service Provider Information) (5) X D (DFE/Participating Plan Information) (6) X G (Financial Transaction Schedules)
Form 5500 (2019) Page 3 Part III Form M-1 Compliance Information (to be completed by welfare benefit plans) 11a If the plan provides welfare benefits, was the plan subject to the Form M-1 filing requirements during the plan year? (See instructions and 29 CFR 2520.101-2.)...... X Yes X No If Yes is checked, complete lines 11b and 11c. 11b Is the plan currently in compliance with the Form M-1 filing requirements? (See instructions and 29 CFR 2520.101-2.)... X Yes 11c Enter the Receipt Confirmation Code for the 2019 Form M-1 annual report. If the plan was not required to file the 2019 Form M-1 annual report, enter the Receipt Confirmation Code for the most recent Form M-1 that was required to be filed under the Form M-1 filing requirements. (Failure to enter a valid Receipt Confirmation Code will subject the Form 5500 filing to rejection as incomplete.) Receipt Confirmation Code X No
SCHEDULE SB (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Single-Employer Defined Benefit Plan Actuarial Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 6059 of the Internal Revenue Code (the Code). File as an attachment to Form 5500 or 5500-SF. For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending Round off amounts to nearest dollar. OMB No. 1210-0110 2019 This Form is Open to Public Inspection Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Three-digit ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR ABCDEFGHI EMPLOYEES HIRED PRIOR plan number (PN) ABCDEFGHI TO JANUARY ABCDEFGHI 1 2008 ABCDEFGHI ABCDEFGHI ABCDEFGHI 011 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor s name as shown on line 2a of Form 5500 or 5500-SF D Employer Identification Number (EIN) LINCOLN ABCDEFGHI NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI 012345678 35-1140070 ABCDEFGHI ABCDEFGHI E Type of plan: X Single X Multiple-A X Multiple-B F Prior year plan size: X 100 or fewer X 101-500 X More than 500 Part I Basic Information 1 Enter the valuation date: Month 01 Day 01 Year 2019 2 Assets: a Market value... 2a -123456789012345 875185820 b Actuarial value... 2b -123456789012345 920330506 3 Funding target/participant count breakdown (1) Number of (2) Vested Funding (3) Total Funding participants Target Target a For retired participants and beneficiaries receiving payment... 5884 474577701 474577701 b For terminated vested participants... c For active participants... d Total... 4 If the plan is in at-risk status, check the box and complete lines (a) and (b)... X a Funding target disregarding prescribed at-risk assumptions... 4a -123456789012345 b Funding target reflecting at-risk assumptions, but disregarding transition rule for plans that have been in at-risk status for fewer than five consecutive years and disregarding loading factor... 4b -123456789012345 5 Effective interest rate... 5 123.12% 5.49 6 Target normal cost... 6-123456789012345 8081000 Statement by Enrolled Actuary To the best of my knowledge, the information supplied in this schedule and accompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other assumptions, in combination, offer my best estimate of anticipated experience under the plan. SIGN HERE Signature of actuary ABCDEFGHI TIMOTHY J. MAXSON ABCDEFGHI ABCDEFGHI ABCDE Date YYYY-MM-DD Type or print name of actuary Most recent enrollment number ABCDEFGHI BUCK GLOBAL, ABCDEFGHI LLC ABCDEFGHI ABCDE 260-426-7800 1234567 Firm name 123456789 110 W. BERRY ABCDEFGHI ST. ABCDEFGHI ABCDE SUITE 1300 123456789 FORT WAYNE, ABCDEFGHI IN 46802-2317 ABCDEFGHI ABCDE UK Address of the firm Telephone number (including area code) 1234567890 If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see X instructions For Paperwork Reduction Act Notice, see the Instructions for Form 5500 or 5500-SF. Schedule SB (Form 5500) 2019 v. 190130 7284 3020 16188 12/31/2019 231091391 123927654 829596746 835308686 09/09/2020 20-06697 231091391 129639594
Schedule SB (Form 5500) 2019 Page 2-1- 1x Part II Beginning of Year Carryover and Prefunding Balances 7 Balance at beginning of prior year after applicable adjustments (line 13 from prior year)... (a) Carryover balance (b) Prefunding balance -123456789012345 50047132-123456789012345 20449393 8 Portion elected for use to offset prior year s funding requirement (line 35 from prior year)... -123456789012345 0-123456789012345 0 9 Amount remaining (line 7 minus line 8)... -123456789012345 50047132-123456789012345 20449393 10 Interest on line 9 using prior year s actual return of -5.45 %... -123456789012345-2727569 -123456789012345-1114492 11 Prior year s excess contributions to be added to prefunding balance: a Present value of excess contributions (line 38a from prior year)... -123456789012345 0 b(1) Interest on the excess, if any, of line 38a over line 38b from prior year Schedule SB, using prior year's effective interest rate of 5.66 %... b(2) Interest on line 38b from prior year Schedule SB, using prior year's actual -123456789012345 0 return... c Total available at beginning of current plan year to add to prefunding balance... 0 0 d Portion of (c) to be added to prefunding balance... -123456789012345 0 123456789012345 12 Other reductions in balances due to elections or deemed elections... -123456789012345 0-123456789012345 0 13 Balance at beginning of current year (line 9 + line 10 + line 11d line 12)... -123456789012345 47319563-123456789012345 19334901 Part III Funding Percentages 14 Funding target attainment percentage... 14 123.12% 102.19 15 Adjusted funding target attainment percentage... 15 123.12% 110.17 16 Prior year s funding percentage for purposes of determining whether carryover/prefunding balances may be used to reduce current year s funding requirement... 16 123.12% 111.95 17 If the current value of the assets of the plan is less than 70 percent of the funding target, enter such percentage.... 17 123.12% Part IV Contributions and Liquidity Shortfalls 18 Contributions made to the plan for the plan year by employer(s) and employees: (a) Date (MM-DD-YYYY) (b) Amount paid by employer(s) (c) Amount paid by employees (a) Date (MM-DD-YYYY) (b) Amount paid by employer(s) (c) Amount paid by employees YYYY-MM-DD 12345678901234 12345678901234 YYYY-MM-DD 12345678901234 123456789012345- YYYY-MM-DD 12345678901234 12345678901234 YYYY-MM-DD 12345678901234 123456789012345- YYYY-MM-DD 12345678901234 12345678901234 YYYY-MM-DD 12345678901234 123456789012345- YYYY-MM-DD 12345678901234 12345678901234 YYYY-MM-DD 12345678901234 123456789012345- YYYY-MM-DD 12345678901234 12345678901234 Totals 18(b) 0 18(c) 19 Discounted employer contributions see instructions for small plan with a valuation date after the beginning of the year: a Contributions allocated toward unpaid minimum required contributions from prior years.... 19a -123456789012345 0 b Contributions made to avoid restrictions adjusted to valuation date... 19b -123456789012345 0 c Contributions allocated toward minimum required contribution for current year adjusted to valuation date... 19c -123456789012345 0 20 Quarterly contributions and liquidity shortfalls: a Did the plan have a funding shortfall for the prior year?... X Yes X No b If line 20a is Yes, were required quarterly installments for the current year made in a timely manner?... X Yes X No c If line 20a is Yes, see instructions and complete the following table as applicable: Liquidity shortfall as of end of quarter of this plan year (1) 1st (2) 2nd (3) 3rd (4) 4th -123456789012345-123456789012345 -123456789012345 0
Schedule SB (Form 5500) 2019 Page 3 Part V Assumptions Used to Determine Funding Target and Target Normal Cost 21 Discount rate: a Segment rates: 1st segment: 2nd segment: 3rd segment: 123.12_% 3.74 123.12_% 5.35 123.12 6.11 % X N/A, full yield curve used b Applicable month (enter code)... 21b 4 1 22 Weighted average retirement age... 22 63 12 23 Mortality table(s) (see instructions) _ Prescribed - combined _ X Prescribed - separate _ Substitute Part VI Miscellaneous Items 24 Has a change been made in the non-prescribed actuarial assumptions for the current plan year? If Yes, see instructions regarding required attachment.... X Yes X No 25 Has a method change been made for the current plan year? If Yes, see instructions regarding required attachment.... X Yes X No 26 Is the plan required to provide a Schedule of Active Participants? If Yes, see instructions regarding required attachment.... X Yes X No 27 If the plan is subject to alternative funding rules, enter applicable code and see instructions regarding attachment... Part VII Reconciliation of Unpaid Minimum Required Contributions For Prior Years 28 Unpaid minimum required contributions for all prior years... 28-123456789012345 0 29 Discounted employer contributions allocated toward unpaid minimum required contributions from prior years (line 19a)... 29 0-123456789012345 30 Remaining amount of unpaid minimum required contributions (line 28 minus line 29)... 30-123456789012345 0 Part VIII Minimum Required Contribution For Current Year 31 Target normal cost and excess assets (see instructions): a Target normal cost (line 6)... 31a -123456789012345 8081000 b Excess assets, if applicable, but not greater than line 31a... 31b 8081000 32 Amortization installments: Outstanding Balance Installment a Net shortfall amortization installment... -123456789012345 0-123456789012345 0 b Waiver amortization installment... -123456789012345 0-123456789012345 0 33 If a waiver has been approved for this plan year, enter the date of the ruling letter granting the approval (Month Day Year )_and the waived amount... 27 33-123456789012345 34 Total funding requirement before reflecting carryover/prefunding balances (lines 31a - 31b + 32a + 32b - 33)... 34-123456789012345 0 Carryover balance Prefunding balance Total balance 35 Balances elected for use to offset funding requirement... -123456789012345 0-123456789012345 0-123456789012345 0 36 Additional cash requirement (line 34 minus line 35)... 36-123456789012345 0 37 Contributions allocated toward minimum required contribution for current year adjusted to valuation date (line 19c)... 37-123456789012345 0 38 Present value of excess contributions for current year (see instructions) a Total (excess, if any, of line 37 over line 36)... 38a 0 b Portion included in line 38a attributable to use of prefunding and funding standard carryover balances... 38b 0 39 Unpaid minimum required contribution for current year (excess, if any, of line 36 over line 37)... 39-123456789012345 0 40 Unpaid minimum required contributions for all years... 40-123456789012345 0 Part IX Pension Funding Relief Under Pension Relief Act of 2010 (See Instructions) 41 If an election was made to use PRA 2010 funding relief for this plan: a Schedule elected... 2 plus 7 years X 15 years b Eligible plan year(s) for which the election in line 41a was made... X 2008 X 2009 X 2010 X 2011
SCHEDULE C (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Service Provider Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA). File as an attachment to Form 5500. For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 A Name of plan ABCDEFGHI LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1 2008 and ending 12/31/2019 OMB No. 1210-0110 2019 This Form is Open to Public Inspection. B Three-digit plan number (PN) 011 001 C Plan sponsor s name as shown on line 2a of Form 5500 ABCDEFGHI LINCOLN NATIONAL CORPORATION D Employer Identification Number (EIN) 012345678 35-1140070 Part I Service Provider Information (see instructions) You must complete this Part, in accordance with the instructions, to report the information required for each person who received, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of monetary value) in connection with services rendered to the plan or the person's position with the plan during the plan year. If a person received only eligible indirect compensation for which the plan received the required disclosures, you are required to answer line 1 but are not required to include that person when completing the remainder of this Part. 1 Information on Persons Receiving Only Eligible Indirect Compensation a Check "Yes" or "No" to indicate whether you are excluding a person from the remainder of this Part because they received only eligible indirect compensation for which the plan received the required disclosures (see instructions for definitions and conditions)................ X Yes X No b If you answered line 1a Yes, enter the name and EIN or address of each person providing the required disclosures for the service providers who received only eligible indirect compensation. Complete as many entries as needed (see instructions). (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule C (Form 5500) 2019 v. 190130
Schedule C (Form 5500) 2019 Page 2-1 1 x (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation (b) Enter name and EIN or address of person who provided you disclosures on eligible indirect compensation
Schedule C (Form 5500) 2019 Page 3-1 1 x 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). NORTHERN TRUST COMPANY (a) Enter name and EIN or address (see instructions) 36-1561860 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 21 51 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 989241 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) DELAWARE MANAGEMENT COMPANY 23-2859590 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 51 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 786906 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) MERCER 25-1628718 64 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCDEFGHI NONE ABCDEFGHI ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 123456789012 654208 345 Yes X No X Yes X No X Yes X No X
Schedule C (Form 5500) 2019 Page 3-1 2 x 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). NISA (a) Enter name and EIN or address (see instructions) 48-1140940 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 51 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 482434 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) LOOMIS 04-3200030 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 51 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 350248 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) QMA 22-2540245 51 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCDEFGHI NONE ABCDEFGHI ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 123456789012 266209 345 Yes X No X Yes X No X Yes X No X
Schedule C (Form 5500) 2019 Page 3-1 3 x 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). MORNEAU SHEPELL (a) Enter name and EIN or address (see instructions) 52-1883918 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 15 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 216441 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) CALLAN ASSOCIATES 94-2192581 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 28 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 139129 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) BUCK CONSULTANTS 13-3954297 11 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCDEFGHI NONE ABCDEFGHI ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 123456789012 99200 345 Yes X No X Yes X No X Yes X No X
Schedule C (Form 5500) 2019 Page 3-1 4 x 2. Information on Other Service Providers Receiving Direct or Indirect Compensation. Except for those persons for whom you answered Yes to line 1a above, complete as many entries as needed to list each person receiving, directly or indirectly, $5,000 or more in total compensation (i.e., money or anything else of value) in connection with services rendered to the plan or their position with the plan during the plan year. (See instructions). MITCHELL & TITUS (a) Enter name and EIN or address (see instructions) 13-2781641 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 10 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 40750 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) STATE STREET 04-1867445 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 51 ABCDEFGHI NONE ABCDEFGHI ABCD 123456789012 21721 345 Yes X No X Yes X No X 123456789012345 Yes X No X (a) Enter name and EIN or address (see instructions) WILLIS TOWERS WATSON US LLC 53-0181291 16 (b) Service Code(s) (c) Relationship to employer, employee organization, or person known to be a party-in-interest ABCDEFGHI NONE ABCDEFGHI ABCD (d) Enter direct compensation paid by the plan. If none, enter -0-. (e) Did service provider receive indirect compensation? (sources other than plan or plan sponsor) (f) Did indirect compensation include eligible indirect compensation, for which the plan received the required disclosures? (g) (h) Enter total indirect Did the service compensation received by provider give you a service provider excluding formula instead of eligible indirect an amount or compensation for which you estimated amount? answered Yes to element (f). If none, enter -0-. 123456789012 9811 345 Yes X No X Yes X No X Yes X No X
Schedule C (Form 5500) 2019 Page 4-1 1 x Part I Service Provider Information (continued) 3. If you reported on line 2 receipt of indirect compensation, other than eligible indirect compensation, by a service provider, and the service provider is a fiduciary or provides contract administrator, consulting, custodial, investment advisory, investment management, broker, or recordkeeping services, answer the following questions for (a) each source from whom the service provider received $1,000 or more in indirect compensation and (b) each source for whom the service provider gave you a formula used to determine the indirect compensation instead of an amount or estimated amount of the indirect compensation. Complete as many entries as needed to report the required information for each source. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation. (a) Enter service provider name as it appears on line 2 (b) Service Codes (see instructions) (c) Enter amount of indirect compensation (d) Enter name and EIN (address) of source of indirect compensation (e) Describe the indirect compensation, including any formula used to determine the service provider s eligibility for or the amount of the indirect compensation.
Schedule C (Form 5500) 2019 Page 5-1 1 x Part II Service Providers Who Fail or Refuse to Provide Information 4 Provide, to the extent possible, the following information for each service provider who failed or refused to provide the information necessary to complete this Schedule. (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 12 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE (a) Enter name and EIN or address of service provider (see instructions) (b) Nature of Service Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 12 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (a) Enter name and EIN or address of service provider (see (b) Nature of instructions) Service Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (a) Enter name and EIN or address of service provider (see (b) Nature of instructions) Service Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (a) Enter name and EIN or address of service provider (see (b) Nature of instructions) Service Code(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 10 11 12 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 13 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE (a) Enter name and EIN or address of service provider (see instructions) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD 1234567890 (b) Nature of Service Code(s) (c) Describe the information that the service provider failed or refused to provide ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDE
Schedule C (Form 5500) 2019 Page 6-1 1 x Part III Termination Information on Accountants and Enrolled Actuaries (see instructions) (complete as many entries as needed) a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Name: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b EIN: 123456789 c Position: ABCDEFGHI ABCDEFGHI ABCD d Address: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD e Telephone: 1234567890 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD Explanation: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI
SCHEDULE D (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration DFE/Participating Plan Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA). File as an attachment to Form 5500. OMB No. 1210-0110 2019 This Form is Open to Public Inspection. For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending 12/31/2019 A Name of plan B Three-digit ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR EMPLOYEES ABCDEFGHI HIRED ABCDEFGHI PRIOR TO JANUARY 1 2008 plan number (PN) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 011 001 ABCDEFGHI ABCDEFGHI C Plan or DFE sponsor s name as shown on line 2a of Form 5500 ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI D Employer Identification Number (EIN) 012345678 35-1140070 Part I Information on interests in MTIAs, CCTs, PSAs, and 103-12 IEs (to be completed by plans and DFEs) (Complete as many entries as needed to report all interests in DFEs) a Name of MTIA, CCT, PSA, or 103-12 IE: LIN. NAT ABCDEFGHI CORP EMPL RETIREMENT ABCDEFGHI TRUST ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): LINCOLN ABCDEFGHI NATIONAL CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 35-1140070-001 M 123456789-123 code 1 103-12 IE at end of year (see instructions) 999415137-123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule D (Form 5500) 2019 v. 190130
Schedule D (Form 5500) 2019 Page 2-1 x a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345 a Name of MTIA, CCT, PSA, or 103-12 IE: ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCD b Name of sponsor of entity listed in (a): ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c d Entity e Dollar value of interest in MTIA, CCT, PSA, or EIN-PN 123456789-123 code 1 103-12 IE at end of year (see instructions) -123456789012345
6 Schedule D (Form 5500) 2019 Page 3-1 x Part II Information on Participating Plans (to be completed by DFEs) (Complete as many entries as needed to report all participating plans) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI a Plan name ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI b Name of ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN plan sponsor ABCDEFGHI ABCDEFGHI 123456789-123 a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor a Plan name b Name of plan sponsor ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI c EIN-PN ABCDEFGHI ABCDEFGHI 123456789-123
SCHEDULE H (Form 5500) Department of the Treasury Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Financial Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA), and section 6058(a) of the Internal Revenue Code (the Code). OMB No. 1210-0110 2019 File as an attachment to Form 5500. This Form is Open to Public Pension Benefit Guaranty Corporation Inspection For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending 12/31/2019 A Name of plan B Three-digit ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR EMPLOYEES ABCDEFGHI HIRED ABCDEFGHI PRIOR TO plan number (PN) JANUARY 1 2008 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 011 001 ABCDEFGHI ABCDEFGHI C Plan sponsor s name as shown on line 2a of Form 5500 D Employer Identification Number (EIN) ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 012345678 35-1140070 ABCDEFGHI Part I Asset and Liability Statement 1 Current value of plan assets and liabilities at the beginning and end of the plan year. Combine the value of plan assets held in more than one trust. Report the value of the plan s interest in a commingled fund containing the assets of more than one plan on a line-by-line basis unless the value is reportable on lines 1c(9) through 1c(14). Do not enter the value of that portion of an insurance contract which guarantees, during this plan year, to pay a specific dollar benefit at a future date. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not complete lines 1b(1), 1b(2), 1c(8), 1g, 1h, and 1i. CCTs, PSAs, and 103-12 IEs also do not complete lines 1d and 1e. See instructions. Assets (a) Beginning of Year (b) End of Year a Total noninterest-bearing cash... 1a -123456789012345-123456789012345 b Receivables (less allowance for doubtful accounts): (1) Employer contributions... 1b(1) -123456789012345-123456789012345 (2) Participant contributions... 1b(2) -123456789012345-123456789012345 (3) Other... 1b(3) -123456789012345-123456789012345 c General investments: (1) Interest-bearing cash (include money market accounts & certificates of deposit)... 1c(1) -123456789012345-123456789012345 (2) U.S. Government securities... 1c(2) -123456789012345-123456789012345 (3) Corporate debt instruments (other than employer securities): (A) Preferred... 1c(3)(A) -123456789012345-123456789012345 (B) All other... 1c(3)(B) -123456789012345-123456789012345 (4) Corporate stocks (other than employer securities): (A) Preferred... 1c(4)(A) -123456789012345-123456789012345 (B) Common... 1c(4)(B) -123456789012345-123456789012345 (5) Partnership/joint venture interests... 1c(5) -123456789012345-123456789012345 (6) Real estate (other than employer real property)... 1c(6) -123456789012345-123456789012345 (7) Loans (other than to participants)... 1c(7) -123456789012345-123456789012345 (8) Participant loans... 1c(8) -123456789012345-123456789012345 (9) Value of interest in common/collective trusts... 1c(9) -123456789012345-123456789012345 (10) Value of interest in pooled separate accounts... 1c(10) -123456789012345-123456789012345 (11) Value of interest in master trust investment accounts... 1c(11) -123456789012345 874209089-123456789012345 999415137 (12) Value of interest in 103-12 investment entities... 1c(12) -123456789012345-123456789012345 (13) Value of interest in registered investment companies (e.g., mutual funds)... 1c(13) -123456789012345-123456789012345 (14) Value of funds held in insurance company general account (unallocated contracts)... 1c(14) -123456789012345-123456789012345 (15) Other... 1c(15) -123456789012345-123456789012345 For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule H (Form 5500) 2019 v. 190130
Schedule H (Form 5500) 2019 Page 2 1d Employer-related investments: (a) Beginning of Year (b) End of Year (1) Employer securities... 1d(1) -123456789012345-123456789012345 (2) Employer real property... 1d(2) -123456789012345-123456789012345 1e Buildings and other property used in plan operation... 1e -123456789012345-123456789012345 1f Total assets (add all amounts in lines 1a through 1e)... 1f -123456789012345 874209089-123456789012345 999415137 Liabilities 1g Benefit claims payable... 1g -123456789012345-123456789012345 1h Operating payables... 1h -123456789012345 608587-123456789012345 763172 1i Acquisition indebtedness... 1i -123456789012345-123456789012345 1j Other liabilities... 1j -123456789012345-123456789012345 1k Total liabilities (add all amounts in lines 1g through1j)... 1k -123456789012345 608587-123456789012345 763172 Net Assets 1l Net assets (subtract line 1k from line 1f)... 1l -123456789012345 873600502-123456789012345 998651965 Part II Income and Expense Statement 2 Plan income, expenses, and changes in net assets for the year. Include all income and expenses of the plan, including any trust(s) or separately maintained fund(s) and any payments/receipts to/from insurance carriers. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and 103-12 IEs do not complete lines 2a, 2b(1)(E), 2e, 2f, and 2g. Income (a) Amount (b) Total a Contributions: (1) Received or receivable in cash from: (A) Employers... 2a(1)(A) -123456789012345 (B) Participants... 2a(1)(B) -123456789012345 (C) Others (including rollovers)... 2a(1)(C) -123456789012345 (2) Noncash contributions... 2a(2) -123456789012345 (3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)... 2a(3) -123456789012345 0 b Earnings on investments: (1) Interest: (A) Interest-bearing cash (including money market accounts and certificates of deposit)... 2b(1)(A) -123456789012345 (B) U.S. Government securities... 2b(1)(B) -123456789012345 (C) Corporate debt instruments... 2b(1)(C) -123456789012345 (D) Loans (other than to participants)... 2b(1)(D) -123456789012345 (E) Participant loans... 2b(1)(E) -123456789012345 (F) Other... 2b(1)(F) -123456789012345 (G) Total interest. Add lines 2b(1)(A) through (F)... 2b(1)(G) -123456789012345 0 (2) Dividends: (A) Preferred stock... 2b(2)(A) -123456789012345 (B) Common stock... 2b(2)(B) -123456789012345 (C) Registered investment company shares (e.g. mutual funds)... 2b(2)(C) (D) Total dividends. Add lines 2b(2)(A), (B), and (C) 2b(2)(D) -123456789012345 0 (3) Rents... 2b(3) -123456789012345 (4) Net gain (loss) on sale of assets: (A) Aggregate proceeds... 2b(4)(A) -123456789012345 (B) Aggregate carrying amount (see instructions)... 2b(4)(B) -123456789012345 (C) Subtract line 2b(4)(B) from line 2b(4)(A) and enter result... 2b(4)(C) -123456789012345 0 (5) Unrealized appreciation (depreciation) of assets: (A) Real estate... 2b(5)(A) -123456789012345 (B) Other... 2b(5)(B) -123456789012345 (C) Total unrealized appreciation of assets. Add lines 2b(5)(A) and (B)... 2b(5)(C) -123456789012345 0
Schedule H (Form 5500) 2019 Page 3 (a) Amount (b) Total (6) Net investment gain (loss) from common/collective trusts... 2b(6) -123456789012345 (7) Net investment gain (loss) from pooled separate accounts... 2b(7) -123456789012345 (8) Net investment gain (loss) from master trust investment accounts... 2b(8) -123456789012345 195104334 (9) Net investment gain (loss) from 103-12 investment entities... 2b(9) -123456789012345 (10) Net investment gain (loss) from registered investment companies (e.g., mutual funds)... 2b(10) -123456789012345 c Other income... 2c -123456789012345 d Total income. Add all income amounts in column (b) and enter total... 2d -123456789012345 195104334 Expenses e Benefit payment and payments to provide benefits: (1) Directly to participants or beneficiaries, including direct rollovers... 2e(1) -123456789012345 62115324 (2) To insurance carriers for the provision of benefits... 2e(2) -123456789012345 (3) Other... 2e(3) -123456789012345 (4) Total benefit payments. Add lines 2e(1) through (3)... 2e(4) -123456789012345 62115324 f Corrective distributions (see instructions)... 2f -123456789012345 g Certain deemed distributions of participant loans (see instructions)... 2g -123456789012345 h Interest expense... 2h -123456789012345 i Administrative expenses: (1) Professional fees... 2i(1) -123456789012345 1020411 (2) Contract administrator fees... 2i(2) -123456789012345 (3) Investment advisory and management fees... 2i(3) -123456789012345 3035887 (4) Other... 2i(4) -123456789012345 3881249 (5) Total administrative expenses. Add lines 2i(1) through (4)... 2i(5) -123456789012345 7937547 j Total expenses. Add all expense amounts in column (b) and enter total... 2j -123456789012345 70052871 Net Income and Reconciliation k Net income (loss). Subtract line 2j from line 2d... 2k -123456789012345 125051463 l Transfers of assets: (1) To this plan... 2l(1) -123456789012345 (2) From this plan... 2l(2) -123456789012345 Part III Accountant s Opinion 3 Complete lines 3a through 3c if the opinion of an independent qualified public accountant is attached to this Form 5500. Complete line 3d if an opinion is not attached. a The attached opinion of an independent qualified public accountant for this plan is (see instructions): (1) X Unmodified (2) X Qualified (3) X Disclaimer (4) X Adverse b Did the accountant perform a limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)? X Yes X No c Enter the name and EIN of the accountant (or accounting firm) below: (1) Name: MITCHELL ABCDEFGHI & TITUS ABCDEFGHI ABCDEFGHI ABCD (2) EIN: 123456789 13-2781641 d The opinion of an independent qualified public accountant is not attached because: (1) X This form is filed for a CCT, PSA, or MTIA. (2) X It will be attached to the next Form 5500 pursuant to 29 CFR 2520.104-50. Part IV Compliance Questions 4 CCTs and PSAs do not complete Part IV. MTIAs, 103-12 IEs, and GIAs do not complete lines 4a, 4e, 4f, 4g, 4h, 4k, 4m, 4n, or 5. 103-12 IEs also do not complete lines 4j and 4l. MTIAs also do not complete line 4l. a b During the plan year: Yes No Amount Was there a failure to transmit to the plan any participant contributions within the time period described in 29 CFR 2510.3-102? Continue to answer Yes for any prior year failures until fully corrected. (See instructions and DOL s Voluntary Fiduciary Correction Program.)... Were any loans by the plan or fixed income obligations due the plan in default as of the close of the plan year or classified during the year as uncollectible? Disregard participant loans secured by participant s account balance. (Attach Schedule G (Form 5500) Part I if Yes is checked.)... 4a 4b X X
Schedule H (Form 5500) 2019 Page 4-1 1x c d Yes No Amount Were any leases to which the plan was a party in default or classified during the year as uncollectible? (Attach Schedule G (Form 5500) Part II if Yes is checked.)... 4c X -123456789012345 Were there any nonexempt transactions with any party-in-interest? (Do not include transactions reported on line 4a. Attach Schedule G (Form 5500) Part III if Yes is checked.)... 4d X -123456789012345 e Was this plan covered by a fidelity bond?... 4e X -123456789012345 500000 f Did the plan have a loss, whether or not reimbursed by the plan s fidelity bond, that was caused by fraud or dishonesty?... 4f X -123456789012345 g h i j k Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser?... 4g X -123456789012345 Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser?... Did the plan have assets held for investment? (Attach schedule(s) of assets if Yes is checked, and see instructions for format requirements.)... Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? (Attach schedule of transactions if Yes is checked, and see instructions for format requirements.)... Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?... 4h X -123456789012345 l Has the plan failed to provide any benefit when due under the plan?... 4l X -123456789012345 m If this is an individual account plan, was there a blackout period? (See instructions and 29 CFR 2520.101-3.)... 4m n If 4m was answered Yes, check the Yes box if you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3.... 5a Has a resolution to terminate the plan been adopted during the plan year or any prior plan year?... X Yes X No If Yes, enter the amount of any plan assets that reverted to the employer this year. 5b If, during this plan year, any assets or liabilities were transferred from this plan to another plan(s), identify the plan(s) to which assets or liabilities were transferred. (See instructions.) 5b(1) Name of plan(s) 5b(2) EIN(s) 5b(3) PN(s) ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI 123456789 123 5c If the plan is a defined benefit plan, is it covered under the PBGC insurance program (See ERISA section 4021.)?... X Yes X No X Not determined If Yes is checked, enter the My PAA confirmation number from the PBGC premium filing for this plan year. 4225161 (See instructions.) 4i 4j 4k 4n X X X
SCHEDULE R (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Retirement Plan Information This schedule is required to be filed under sections 104 and 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 6058(a) of the Internal Revenue Code (the Code). File as an attachment to Form 5500. For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending A Name of plan B ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR EMPLOYEES ABCDEFGHI HIRED ABCDEFGHI PRIOR TO JANUARY 1 2008 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor s name as shown on line 2a of Form 5500 ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI Part I Distributions All references to distributions relate only to payments of benefits during the plan year. 1 Total value of distributions paid in property other than in cash or the forms of property specified in the instructions... D OMB No. 1210-0110 2019 This Form is Open to Public Inspection. Three-digit plan number (PN) 011 001 Employer Identification Number (EIN) 012345678 35-1140070 1 0-123456789012345 2 Enter the EIN(s) of payor(s) who paid benefits on behalf of the plan to participants or beneficiaries during the year (if more than two, enter EINs of the two payors who paid the greatest dollar amounts of benefits): EIN(s): 36-1561860 35-0472300 Profit-sharing plans, ESOPs, and stock bonus plans, skip line 3. 3 Number of participants (living or deceased) whose benefits were distributed in a single sum, during the plan 3 216 year... 12345678 Part II Funding Information (If the plan is not subject to the minimum funding requirements of section 412 of the Internal Revenue Code or ERISA section 302, skip this Part.) 4 Is the plan administrator making an election under Code section 412(d)(2) or ERISA section 302(d)(2)?... X Yes X No X N/A If the plan is a defined benefit plan, go to line 8. 5 If a waiver of the minimum funding standard for a prior year is being amortized in this plan year, see instructions and enter the date of the ruling letter granting the waiver. Date: Month Day Year If you completed line 5, complete lines 3, 9, and 10 of Schedule MB and do not complete the remainder of this schedule. 6 a Enter the minimum required contribution for this plan year (include any prior year accumulated funding 6a -123456789012345 deficiency not waived)... b Enter the amount contributed by the employer to the plan for this plan year... 6b -123456789012345 c If you completed line 6c, skip lines 8 and 9. 7 Will the minimum funding amount reported on line 6c be met by the funding deadline?... X Yes X No X N/A 8 If a change in actuarial cost method was made for this plan year pursuant to a revenue procedure or other authority providing automatic approval for the change or a class ruling letter, does the plan sponsor or plan administrator agree with the change?... X Yes X No X N/A Part III Subtract the amount in line 6b from the amount in line 6a. Enter the result (enter a minus sign to the left of a negative amount)... 6c -123456789012345 Amendments 12/31/2019 9 If this is a defined benefit pension plan, were any amendments adopted during this plan year that increased or decreased the value of benefits? If yes, check the appropriate box. If no, check the No box.... X Increase X Decrease X Both X No Part IV ESOPs (see instructions). If this is not a plan described under section 409(a) or 4975(e)(7) of the Internal Revenue Code, skip this Part. 10 Were unallocated employer securities or proceeds from the sale of unallocated securities used to repay any exempt loan?... X Yes X No 11 a Does the ESOP hold any preferred stock?... X Yes X No b If the ESOP has an outstanding exempt loan with the employer as lender, is such loan part of a back-to-back loan? X Yes X No (See instructions for definition of back-to-back loan.)... 12 Does the ESOP hold any stock that is not readily tradable on an established securities market?... X Yes X No For Paperwork Reduction Act Notice, see the Instructions for Form 5500. Schedule R (Form 5500) 2019 v. 190130
Schedule R (Form 5500) 2019 Page 2-1- 1 x Part V Additional Information for Multiemployer Defined Benefit Pension Plans 13 Enter the following information for each employer that contributed more than 5% of total contributions to the plan during the plan year (measured in dollars). See instructions. Complete as many entries as needed to report all applicable employers. a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify): a Name of contributing employer b EIN c Dollar amount contributed by employer d Date collective bargaining agreement expires (If employer contributes under more than one collective bargaining agreement, check box X and see instructions regarding required attachment. Otherwise, enter the applicable date.) Month Day Year e Contribution rate information (If more than one rate applies, check this box X and see instructions regarding required attachment. Otherwise, complete lines 13e(1) and 13e(2).) (1) Contribution rate (in dollars and cents) (2) Base unit measure: X Hourly X Weekly X Unit of production X Other (specify):
Schedule R (Form 5500) 2019 Page 3 14 Enter the number of participants on whose behalf no contributions were made by an employer as an employer of the participant for: a The current year... 14a 123456789012345 b The plan year immediately preceding the current plan year... 14b 123456789012345 c The second preceding plan year... 14c 123456789012345 15 Enter the ratio of the number of participants under the plan on whose behalf no employer had an obligation to make an employer contribution during the current plan year to: a The corresponding number for the plan year immediately preceding the current plan year... 15a 123456789012345 b The corresponding number for the second preceding plan year... 15b 123456789012345 16 Information with respect to any employers who withdrew from the plan during the preceding plan year: a Enter the number of employers who withdrew during the preceding plan year... 16a 123456789012345 b If line 16a is greater than 0, enter the aggregate amount of withdrawal liability assessed or estimated to be assessed against such withdrawn employers... 16b 123456789012345 17 If assets and liabilities from another plan have been transferred to or merged with this plan during the plan year, check box and see instructions regarding supplemental information to be included as an attachment.... X Part VI Additional Information for Single-Employer and Multiemployer Defined Benefit Pension Plans 18 If any liabilities to participants or their beneficiaries under the plan as of the end of the plan year consist (in whole or in part) of liabilities to such participants and beneficiaries under two or more pension plans as of immediately before such plan year, check box and see instructions regarding supplemental information to be included as an attachment... X 19 If the total number of participants is 1,000 or more, complete lines (a) through (c) a Enter the percentage of plan assets held as: Stock: % 41.2 Investment-Grade Debt: % 52.5 High-Yield Debt: % 1.1 Real Estate: % 0.0 Other: % 5.2 b Provide the average duration of the combined investment-grade and high-yield debt: X 0-3 years X 3-6 years X 6-9 years X 9-12 years X 12-15 years X 15-18 years X 18-21 years X 21 years or more c What duration measure was used to calculate line 19(b)? X Effective duration X Macaulay duration X Modified duration X Other (specify): 20 PBGC missed contribution reporting requirements. If this is a multiemployer plan or a single-employer plan that is not covered by PBGC, skip line 20. a Is the amount of unpaid minimum required contributions for all years from Schedule SB (Form 5500) line 40 greater than zero? Yes No b If line 20a is Yes, has PBGC been notified as required by ERISA sections 4043(c)(5) and/or 303(k)(4)? Check the applicable box: Yes. _ No. Reporting was waived under 29 CFR 4043.25(c)(2) because contributions equal to or exceeding the unpaid minimum required contribution were made by the 30th day after the due date. _ No. The 30-day period referenced in 29 CFR 4043.25(c)(2) has not yet ended, and the sponsor intends to make a contribution equal to or exceeding the unpaid minimum required contribution by the 30th day after the due date. _ No. Other. Provide explanation
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Financial Statements As of and for the Years Ended December 31, 2019 and 2018 With Independent Auditor s Report
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 As of and for the Years Ended December 31, 2019 and 2018 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR S REPORT 1 2 FINANCIAL STATEMENTS Statements of Net Assets Available for Benefits 3 Statements of Changes in Net Assets Available for Benefits 4 Notes to Financial Statements 5 14
INDEPENDENT AUDITOR S REPORT To the Lincoln National Corporation Benefits Committee Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 Report on the Financial Statements We were engaged to audit the accompanying financial statements of the Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 (the Plan ), which comprise the statements of net assets available for benefits as of December 31, 2019 and 2018, the related statements of changes in net assets available for benefits for the years then ended, and the related notes to the financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on conducting the audits in accordance with auditing standards generally accepted in the United States of America. Because of the matter described in the Basis for Disclaimer of Opinion paragraph, however, we were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Basis for Disclaimer of Opinion As permitted by 29 CFR 2520.103-8 of the Department of Labor s ( DOL ) Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 ( ERISA ), the Plan administrator instructed us not to perform, and we did not perform, any auditing procedures with respect to the information summarized in Note 2, which was certified by Company, the trustee of the Plan, except for comparing such information with the related information included in the financial statements. We have been informed by the Plan administrator that the trustee holds the Plan s investment assets and executes investment transactions. The Plan administrator has obtained a certification from the trustee as of December 31, 2019 and 2018 and for the years then ended, that the information provided to the Plan administrator by the trustee is complete and accurate. 1818 Market Street Philadelphia, PA 19103 T +1 215 561 7300 F +1 215 569 8709 1 mitchelltitus.com
Disclaimer of Opinion on Financial Statements Because of the significance of the matter described in the Basis for Disclaimer of Opinion paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on these financial statements. Report on Compliance of Form and Content with DOL s Rules and Regulations The form and content of the information included in the financial statements, other than that derived from the certified investment information, have been audited by us in accordance with auditing standards generally accepted in the United States and, in our opinion, are presented in compliance with the DOL s Rules and Regulations for Reporting and Disclosure under ERISA. September 9, 2020 2
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Statements of Net Assets Available for Benefits As of December 31, 2019 and 2018 2019 2018 ASSETS Interest in Master Trust $ 999,415,137 $ 874,209,089 LIABILITIES Accrued expenses 763,172 608,587 Net assets available for benefits $ 998,651,965 $ 873,600,502 The accompanying notes are an integral part of these financial statements. 3
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Statements of Changes in Net Assets Available for Benefits For the Years Ended December 31, 2019 and 2018 2019 2018 ADDITIONS Master Trust net appreciation (depreciation) $ 195,104,334 $ (54,332,296) Total net investment income (loss) 195,104,334 (54,332,296) DEDUCTIONS Benefits paid to participants 62,115,324 68,836,365 Administrative expenses 7,937,547 3,806,276 Total deductions 70,052,871 72,642,641 Net increase (decrease) 125,051,463 (126,974,937) NET ASSETS AVAILABLE FOR BENEFITS Beginning-of-year 873,600,502 1,000,575,439 End-of-year $ 998,651,965 $ 873,600,502 The accompanying notes are an integral part of these financial statements. 4
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 1 DESCRIPTION OF THE FROZEN PLAN The following description of the Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 (the Plan ) is a summary only, and a detailed Plan document can be obtained from Lincoln National Corporation s ( LNC or Plan Sponsor ) Human Resources. The Plan is administered by the LNC Benefits Committee (the Plan Administrator ) and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ( ERISA ). The Plan provides for retirement, disability and death benefits and covers employees of LNC s participating affiliates who became eligible on the date of hire. The Plan was frozen, or ceased to accrue additional benefits, on December 31, 2007, and no new participants were allowed into the Plan after that date. All active participants became 100% vested in their frozen accrued benefits, except certain early retirement subsidies. Effective December 31, 2010, the Plan also includes employees of the former Jefferson-Pilot Corporation who were covered under the former Jefferson-Pilot Corporation Employees Retirement Plan. Participant Accounts Effective January 1, 2002, the Plan began using a cash balance formula by which the accrued benefits of participants are reported in the form of hypothetical account balances that are increased annually with interest credits and, prior to 2008, with compensation credits. Prior to January 1, 2002, benefits were based on total years of service and the highest 60 months of compensation during the last 10 years of employment. Employees who retired before January 1, 2012, had their benefits calculated under both the old and new formulas and received the better of the two calculations. Employees retiring after December 31, 2011, will receive benefits under the cash balance formula, but not less than the value of the old formula benefit as of December 31, 2011. Plan Termination Although it has not expressed any such intent, the Plan Sponsor has the right under the Plan document to discontinue its contributions at any time and terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, the assets will generally not be available on a pro rata basis to provide participants benefits. Whether a particular participant s accumulated plan benefits will be paid depends on both the priority of those benefits and the level of benefits guaranteed by the Pension Benefit Guaranty Corporation ( PBGC ) at that time. Some benefits may be fully or partially provided for by the then-existing assets and the PBGC s benefit guarantee, while other benefits may not be provided for at all. 5
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements are prepared in conformity with accounting principles generally accepted in the United States of America ( GAAP ) and the Department of Labor s Rules and Regulations for Reporting and Disclosure under ERISA. All investment information disclosed in the accompanying financial statements, including interest in the Lincoln National Corporation Master Retirement Trust ( Master Trust ) as of December 31, 2019 and 2018, and the net appreciation (depreciation) in the Master Trust for the years then ended, was obtained or derived from information supplied to the Plan Administrator and certified as complete and accurate by Company, the trustee. Master Trust Investments Valuation and Income Recognition The Plan s assets are maintained in the Master Trust, which includes the assets of the Agents Retirement Plan of The Lincoln National Life Insurance Company. The Master Trust s investments are held and administered by the trustee and reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 5 for discussion of fair value measurements. Assets, investment income, net appreciation (depreciation) in the fair value of investments and investment expenses are allocated between the participating plans by assigning to each plan those transactions (primarily contributions, benefit payments, realized and unrealized investment gains and losses and plan specific administrative expenses) that can be specifically identified. Pursuant to the Plan s Investment Policy Statement, each Plan in the Master Trust follows its own specific strategic asset allocation policy that strives to systematically increase the percentage of assets in liability-matching fixed-income investments as funding levels increase. The Plan s relative percentage interest in the Master Trust was 90.1% and 89.0% as of December 31, 2019 and 2018, respectively. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded when earned. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) includes gains and losses on investments bought and sold as well as held during the year. 6
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Actuarial Present Value of Accumulated Plan Benefits Accumulated plan benefits are those estimated future periodic payments, including lump-sum distributions, which are attributable under the Plan s provisions to service rendered through December 31, 2007, by eligible participants of LNC s participating affiliates. Accumulated plan benefits include benefits expected to be paid to retired or terminated participants or their beneficiaries and present participants or their beneficiaries. Benefits payable under all circumstances, including retirement, death, disability or termination, are included to the extent they are deemed attributable to participant service rendered through December 31, 2007. Benefit Payments Benefits are recorded when paid. Funding Policy The Plan Sponsor s funding policy is to make contributions equal to or exceeding the minimum funding standard as required by ERISA, but not in excess of the maximum tax-deductible amount. The Plan has met the minimum funding requirements of ERISA. Administrative Expenses Administrative expenses specific to each plan are charged directly to that plan, and investment expenses are allocated on the same basis as the Master Trust s net appreciation (depreciation) of investments. Accounting Estimates and Assumptions The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain amounts reported in the financial statements. Actual results may differ from those estimates. NOTE 3 7 ACCUMULATED PLAN BENEFITS The Plan s actuary estimates the actuarial present value of accumulated plan benefits, which is the amount that results from applying actuarial assumptions to adjust the accumulated plan benefits earned by the participants, reflecting the time value of money (through discounts for interest) and the probability of payment (by means of decrements such as for death, disability or retirement) between the valuation date and the expected date of payment. The estimates are periodically reviewed and adjusted as necessary as new information becomes known. The adjustments are included in the calculation of the current actuarial present value of accumulated plan benefits.
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 3 ACCUMULATED PLAN BENEFITS (continued) The actuarial present value of accumulated plan benefits was as follows: As of January 1, 2019 2018 Vested benefits Participants currently receiving payments $ 509,008,124 $ 524,198,377 Other participants 415,763,423 484,974,757 Total vested benefits 924,771,547 1,009,173,134 Nonvested benefits 7,271,854 9,055,726 Total benefits $ 932,043,401 $ 1,018,228,860 The changes in the actuarial present value of accumulated plan benefits were as follows: Increase (decrease) attributable to Benefits accumulated $ (270,825) Interest 39,398,455 Benefits paid (68,836,365) Changes in actuarial assumptions (56,476,724) Net decrease (86,185,459) Total actuarial present value of accumulated plan benefits January 1, 2018 1,018,228,860 Total actuarial present value of accumulated plan benefits January 1, 2019 $ 932,043,401 The significant actuarial assumptions used in determining accumulated plan benefits were as follows: Discount rate 4.50% 2019, 4.00% 2018 Cash balance interest crediting rate Mortality 10-year historical average of the 30-year Treasury rates 2019 and 2018 RP-2014 Mortality Table rolled back to 2006 and projected with Mortality Improvement Scale MP-2017 for 2019 and MP-2016 for 2018 Average retirement age 63 8
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 3 ACCUMULATED PLAN BENEFITS (continued) The foregoing actuarial assumptions were based on the presumption that the Plan will continue. Were the Plan to terminate, different actuarial assumptions and other factors might be applicable in determining the actuarial present value of accumulated plan benefits. The actuary estimated the accumulated plan benefits as of January 1, 2019 and 2018. There were no significant changes to the Plan that would have changed the valuations had they been performed as of December 31, 2019 and 2018. NOTE 4 INVESTMENTS The following table presents the net assets of the Master Trust: As of December 31, 2019 2018 Corporate bonds $ 238,449,765 $ 241,162,274 U.S. government bonds 277,502,893 247,787,419 State and municipal bonds 29,033,756 28,101,901 Venture capital and partnership 27,591,085 18,640,475 Foreign government bonds 8,250,771 9,832,462 Common stock U.S. companies 340,220,536 271,860,666 International companies 158,134,320 130,547,814 Cash and invested cash 29,468,759 34,025,037 Total net assets in Master Trust, at fair value 1,108,651,885 981,958,048 Net assets of other participating plan, at fair value (109,236,748) (107,748,959) Plan s net assets in Master Trust, at fair value $ 999,415,137 $ 874,209,089 9
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 4 INVESTMENTS (continued) The Master Trust s investments (including realized and unrealized gains and losses) appreciated (depreciated) in value are as follows: For the Years Ended December 31, 2019 2018 Corporate bonds $ 42,999,412 $ (32,617,807) U.S. government bonds 30,866,089 (13,348,377) State and municipal bonds 2,683,529 (2,152,863) Venture capital and partnership 986,538 511,899 Foreign government bonds (370,611) 514,356 Common stock U.S. companies 69,891,290 (3,736,348) International companies 36,421,091 (29,181,331) Interest income 20,035,449 21,606,957 Dividend income 3,320,110 3,378,555 Other investments (21,785) 76,823 Total Master Trust net appreciation (depreciation) 206,811,112 (54,948,136) Interest of other participating plan (11,706,778) 615,840 Plan s net appreciation (depreciation) from the Master Trust $ 195,104,334 $ (54,332,296) NOTE 5 FAIR VALUE MEASUREMENTS The Plan accounts for its financial assets and liabilities in accordance with Accounting Standards Codification ( ASC ) 820, Fair Value Measurements and Disclosures, which are carried at fair value on a recurring basis in the financial statements. ASC 820 establishes a fair value hierarchy that requires assets and liabilities measured at fair value to be categorized into one of the three levels based on the priority of inputs used in the valuation. Assets and liabilities are classified in their entirety based on the lowest level of input significant to the fair value measurement. The three levels are defined as follows: Level 1: Level 2: Inputs to the valuation methodology are quoted prices available in active markets for identical investments as of the reporting date; Inputs to the valuation methodology are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value can be determined through the use of models or other valuation methodologies; and 10
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 5 FAIR VALUE MEASUREMENTS (continued) Level 3: Inputs to the valuation methodology are unobservable inputs in situations where there is little or no market activity for the asset or liability, and we make estimates and assumptions related to the pricing of the asset or liability, including assumptions regarding risk. Valuation Methodologies for Investments at Fair Value Common stock is valued at quoted market prices available in active markets. For the majority of the Plan s fixed-maturity securities, quoted market prices are not available for the specific security; therefore, fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Cash and invested cash are carried at cost, which approximates fair value. This category includes highly liquid debt instruments purchased with a maturity of three months or less. Collective investment trusts and affiliated partnerships fair values are determined by the administrator of the trust using the net asset value ( NAV ) as a practical expedient. The NAV is based on the value of underlying assets owned by the trust, minus its liabilities and then divided by the number of shares outstanding. There are currently no unfunded commitments or redemption restrictions on the collective investment trusts. The Plan invests in an affiliated partnership that has an unfunded commitment of $74,103,196. Redemptions of investments in the affiliated partnership are not permitted during the life of the fund. The investment period of the fund expires on January 12, 2021, unless such date is extended for an additional two years with the written consent of the general partner and the lead investor. The fair value measurements of the Plan s assets are based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the security, and the valuation methodology is consistently applied to measure the security s fair value. The fair value measurement is based on a market approach that utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach primarily include third-party pricing services, independent broker quotations or pricing matrices. Prices received from third parties are not adjusted; however, the third-party pricing services valuation methodologies and related inputs are evaluated, and additional evaluation is performed to determine the appropriate level within the fair value hierarchy. 11
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 5 FAIR VALUE MEASUREMENTS (continued) Valuation Methodologies for Investments at Fair Value (continued) Both observable and unobservable inputs are used in the valuation methodologies. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators and industry and economic events are monitored, and further market data is acquired if certain triggers are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For broker-quotedonly securities, non-binding quotes from market makers or broker-dealers are obtained from sources recognized as market participants. For securities trading in less liquid or illiquid markets with limited or no pricing information, unobservable inputs are used to measure fair value. In order to validate the pricing information and broker-dealer quotes, procedures are employed, where possible, that include comparisons with similar observable positions, comparisons with subsequent sales and observations of general market movements for those security classes. The Plan did not have any assets or liabilities measured at fair value on a nonrecurring basis as of December 31, 2019 and 2018. There were no transfers between Level 1 and Level 2 for the years ended December 31, 2019 and 2018. The valuation methods described above may produce a fair value calculation that may not indicate net realizable value or reflect future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial investments could result in a different fair value measurement at the reporting date. There were no changes in valuation methodologies during the years ended December 31, 2019 and 2018. The following tables set forth the Master Trust s assets by level within the fair value hierarchy: As of December 31, 2019 Total Level 1 Level 2 Fair Value Corporate bonds $ - $ 238,449,765 $ 238,449,765 U.S. government bonds - 277,502,893 277,502,893 State and municipal bonds - 29,033,756 29,033,756 Foreign government bonds - 8,250,771 8,250,771 Common stock - U.S. companies 195,378,073-195,378,073 Cash and invested cash - 29,468,759 29,468,759 Investments measured at fair value $ 195,378,073 $ 582,705,944 778,084,017 Investments measured at NAV: Collective Investment Trusts (1) 302,976,783 Affiliated Partnerships (1) 27,591,085 Total investments, at fair value $1,108,651,885 12
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 5 FAIR VALUE MEASUREMENTS (continued) Valuation Methodologies for Investments at Fair Value (continued) As of December 31, 2018 Total Level 1 Level 2 Fair Value Corporate bonds $ - $ 241,162,274 $ 241,162,274 U.S. government bonds - 247,787,419 247,787,419 State and municipal bonds - 28,101,901 28,101,901 Foreign Government bonds - 9,832,462 9,832,462 Common stock U.S. companies 158,124,568-158,124,568 Cash and invested cash - 34,025,037 34,025,037 Investments measured at fair value $ 158,124,568 $ 560,909,093 719,033,661 Investments measured at NAV: Collective Investment Trusts (1) 244,283,912 Affiliated Partnerships (1) 18,640,475 Total investments, at fair value $ 981,958,048 (1) In accordance with ASC Subtopic 820-10, certain investments that were measured at NAV (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented on the Statements of Net Assets Available for Benefits. NOTE 6 INCOME TAX STATUS The Plan received a determination letter from the Internal Revenue Service, dated September 30, 2016, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code of 1986 (the Code), as amended; therefore, the Master Trust is exempt from taxation. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code, and therefore, believes the Plan, as amended, is qualified and the related Master Trust is tax exempt. The Plan Administrator has concluded as of December 31, 2019 and 2018, there were no uncertain tax positions taken or expected to be taken. The Plan recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to the applicable statute of limitations. 13
LINCOLN NATIONAL CORPORATION RETIREMENT PLAN FOR EMPLOYEES HIRED PRIOR TO JANUARY 1, 2008 Notes to Financial Statements As of and for the Years Ended December 31, 2019 and 2018 NOTE 7 RISKS AND UNCERTAINTIES The Plan, through the Master Trust, invests in various investment securities that are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risks associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term. The changes could materially affect the amounts reported in the Statements of Net Assets Available for Benefits and the Statements of Changes in Net Assets Available for Benefits. Plan contributions are made, and the actuarial present value of accumulated plan benefits is reported, based on certain assumptions pertaining to interest rates, inflation rates and employee demographics, all of which are subject to change. Due to uncertainties inherent in the estimation and assumption processes, it is at least reasonably possible that changes in these estimates and assumptions in the near term could materially affect the amounts reported and disclosed in the financial statements. NOTE 8 RELATED-PARTY AND PARTY-IN-INTEREST TRANSACTIONS Certain Master Trust assets were invested in a short-term investment fund and an affiliated partnership managed by the trustee of the Plan. In addition, LNC provided certain accounting and benefits processing services to the Plan. These costs were inconsequential in 2019 and 2018. These transactions are party-ininterest transactions under ERISA. NOTE 9 SUBSEQUENT EVENTS The Plan Administrator has evaluated subsequent events through September 9, 2020, the date the financial statements were available to be issued. The worldwide coronavirus, or COVID-19, outbreak in the first half of 2020 has led to volatility of the financial markets, record-low interest rates and wideranging changes in consumer behavior. As the economic and regulatory environment continues to react and evolve, the effect on the Plan s financial statements cannot be reasonably estimated. However, in general, the volatility in financial markets could negatively impact Plan assets due to declines in the market value of the Plan s investments. The Plan Administrator identified no other items or events required for disclosure. 14
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Line 26 Schedule of Active Participant Data YEARS OF CREDITED SERVICE Under 1 1 to 4 5 to 9 10 to 14 15 to 19 20 to 24 25 to 29 30 to 34 35 to 39 40 & up Attained Age No. Average No. Average No. Average No. Average No. Average No. Average No. Average No. Average No. Average No. Average Total Under 25 0 Accrued benefit Cash Balance 25 to 29 0 Accrued benefit Cash Balance 30 to 34 47 24 2 73 Accrued benefit 0 4 Cash Balance 1,451 5,028 35 to 39 100 230 55 2 387 Accrued benefit 0 23 111 Cash Balance 2,358 6,017 9,450 40 to 44 64 186 156 33 2 441 Accrued benefit 4 46 233 368 Cash Balance 3,538 7,553 23,059 10,460 45 to 49 58 152 151 96 41 1 499 Accrued benefit 0 50 291 558 701 Cash Balance 3,918 12,368 29,540 21,580 27,002 50 to 54 51 119 126 98 75 46 1 0 516 Accrued benefit 11 38 323 581 925 721 Cash Balance 6,870 13,758 22,003 25,996 45,885 26,616 55 to 59 54 88 116 80 70 73 67 4 552 Accrued benefit 92 53 282 651 988 1,009 956 Cash Balance 18,429 12,764 27,403 40,164 70,830 50,202 65,659 60 to 64 39 78 83 45 31 35 56 34 4 405 Accrued benefit 180 78 352 618 715 1,159 1,067 1,129 Cash Balance 29,073 8,043 34,945 34,434 62,237 90,866 112,113 106,183 65 to 69 14 24 32 12 10 9 11 5 7 124 Accrued benefit 75 312 Cash Balance 17,739 46,737 70 & up 2 3 4 6 1 2 2 3 23 Accrued benefit Cash Balance Total 429 904 725 372 230 166 137 46 11 0 3,020 * This plan is "hard frozen" so accrued benefits are shown in lieu of compensation.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods Prescribed Funding/PBGC Assumptions and Methods The following assumptions and methods are prescribed by ERISA, as currently amended. Funding interest rates For 2019 Plan Year: Segment Rates with four-month lookback, constrained in accordance with relevant legislation as follows: Unconstrained Rates* Rates Reflecting Corridor** First Segment Rate 2.28% 3.74% Second Segment Rate 3.81% 5.35% Third Segment Rate 4.46% 6.11% Effective Interest Rate 3.97% 5.49% For 2018 Plan Year: Segment Rates with four-month lookback, constrained in accordance with relevant legislation as follows: Unconstrained Rates* Rates Reflecting Corridor** First Segment Rate 1.75% 3.92% Second Segment Rate 3.76% 5.52% Third Segment Rate 4.66% 6.29% Effective Interest Rate 3.99% 5.66% * Used for maximum tax deduction and 4010 reporting purposes. ** Used for minimum funding and benefit restriction purposes. PBGC Premium Funding Target For 2019 Plan Year: First Segment Rate 3.38% Second Segment Rate 4.32% Third Segment Rate 4.69% For 2018 Plan Year: First Segment 2.33% The Alternative Premium Funding Target was not used. Second Segment Rate 3.55% Third Segment Rate 4.11% The effective interest rates for PBGC premium purposes are 4.40% for 2019 and 3.71% for 2018. Mortality Mortality tables mandated by current legislation as specified in IRS Regulation 1.430(h)(3)-1, as amended in IRS Notice 2018-02, applied on a static basis.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Prescribed Funding/PBGC Assumptions and Methods (continued) Lump Sum interest and mortality Interest Rate: Mortality: Forward rates implied by the funding interest rates (annuity substitution rule) 2019 Applicable IRC Section 417(e) table Actuarial cost method The Funding Target is the present value of accrued benefits. The Target Normal Cost is the expected plan administrative expenses to be paid from plan assets during the year.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods The following assumptions were selected by the plan s enrolled actuary. The asset valuation method was selected by the plan sponsor with the actuary s advice and is an acceptable method under legislation. The demographic assumptions were based upon on a 5-year experience study performed in December 2016 (formal report issued in June 2017). Cash balance interest crediting rate For the Lincoln Employees, the cash balance interest crediting rate is based on the 10-year historical average of the 30-year treasury rates. For the JP Employees with Omaha cash balances, the cash balance interest crediting rate is based on the 10-year historical average of the 1-year treasury rates, plus ½ of 1%, subject to a minimum rate of 4% and a maximum rate of 10%. Expenses Expected plan administrative expenses were added to the Target Normal Cost, and were based on the prior year s non-pbgc plan administrative expenses, increased with 3.00% inflation, plus the current year s PBGC premium, rounded to the nearest thousand (equal to $8,081,000 for the 2019 valuation).
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods (continued) Frequency of optional payment forms Lincoln Employees Actives (who are retirement eligible): Hired before Hired on or after Payment form January 1, 2002 January 1, 2002 Lump sum (immediate) 45.00% 90.00% 50% J&S 10.00% 0.00% 100% J&S 15.00% 0.00% 10 Yr C&L 15.00% 0.00% Life annuity 15.00% 10.00% Current and future deferred vesteds 1 : Payment form Terminated before January 1, 2002 Terminated on or after January 1, 2002 Lump sum Year of Termination (YOT) N/A 25.00% Lump sum YOT+1 N/A 20.00% Lump sum YOT+2 N/A 10.00% Lump sum YOT+3 N/A 10.00% Lump sum YOT+4 N/A 5.00% Lump sum deferred to 65 N/A 15.00% 50% J&S 25.00% 5.00% 100% J&S 25.00% 5.00% 10 Yr C&L 10.00% 0.00% Life annuity 40.00% 5.00% 1 Future deferred vesteds are actives who terminate when not retirement eligible.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods (continued) JP Employees Actives (who are retirement eligible): Payment form Lump sum (immediate) 60.00% 50% J&S 10.00% 100% J&S 10.00% 10 Yr C&L 5.00% Life annuity 15.00% Current and future deferred vesteds 1 : Payment form Terminated before January 1, 2008 Terminated on or after January 1, 2008 Lump sum YOT N/A 25.00% Lump sum YOT+1 N/A 20.00% Lump sum YOT+2 N/A 10.00% Lump sum YOT+3 N/A 10.00% Lump sum YOT+4 N/A 5.00% Lump sum deferred to 65 N/A 15.00% 50% J&S 25.00% 5.00% 100% J&S 25.00% 5.00% 10 Yr C&L 10.00% 0.00% Life annuity 40.00% 5.00% Marital percentage For Lincoln Employees, 80% of males and 60% of females are assumed to be married at death, and for JP Employees, 100% of participants are assumed to be married at death. Husbands are assumed to be 3 years older than their wives. Variable Annuity Election 4.00% per annum increase in variable annuity benefits is assumed for those who elect this option. 1 Future deferred vesteds are actives who terminate when not retirement eligible.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods (continued) Retirement rates Lincoln Employees: Age Assumption 55 7.00% 56 7.00% 57 7.00% 58 7.00% 59 9.00% 60 9.00% 61 12.00% 62 20.00% 63 15.00% 64 25.00% 65 60.00% 66 35.00% 67 30.00% 68 25.00% 69 20.00% 70 100.00% JP Employees: Age Former DAN employees All other employees 55 0.00% 6.00% 56 0.00% 7.00% 57 0.00% 8.00% 58 0.00% 8.00% 59 0.00% 8.00% 60 5.00% 15.00% 61 2.00% 20.00% 62 20.00% 20.00% 63 8.00% 20.00% 64 8.00% 25.00% 65 100.00% 40.00% 66 100.00% 40.00% 67 100.00% 40.00% 68 100.00% 40.00% 69 100.00% 40.00% 70 100.00% 100.00% Current and future deferred vested participants who are assumed to take an annuity rather than a lump sum are assumed to commence benefits at age 65.
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods (continued) Disability rates For Lincoln Employees, no disability rates assumed. For JP Employees, sample rates are shown below: Age Male Assumption Female 20 0.01% 0.04% 25 0.01% 0.04% 30 0.01% 0.04% 35 0.01% 0.04% 40 0.02% 0.10% 45 0.04% 0.14% 50 0.08% 0.19% 55 0.00% 0.00% 60 0.00% 0.00% 65 0.00% 0.00% Withdrawal rates for active participants not eligible for retirement Based on experience. Sample rates as follows: Lincoln Employees: Age JP Employees: Assumption 20 11.94% 25 11.62% 30 11.21% 35 10.55% 40 9.40% 45 7.55% 50 4.83% 55 1.73% 60 0.00% 65 0.00% Age Former DAN employees All other employees 20 9.94% 7.94% 25 9.67% 7.72% 30 9.30% 7.40% 35 8.71% 6.86% 40 7.75% 6.11% 45 6.35% 5.16% 50 4.22% 3.62% 55 1.55% 1.37%
Lincoln National Corporation Retirement Plan for Employees Hired Prior to January 1, 2008 EIN/PN: 35-1140070/ 011 Schedule SB, Part V Statement of Actuarial Assumptions/Methods (continued) Non-Prescribed Funding Assumptions and Methods (continued) Asset valuation method The Actuarial Value of Assets is market value as of the valuation date, including discounted receivable contributions, reduced by 2/3 and 1/3 of the gain/(loss) in each of the prior 2 years respectively. The gain/(loss) for each period is determined as the actual return on market value during the period less the expected return on market value based on an assumed earnings rate chosen by the actuary but required by legislation to be not greater than the applicable third Segment Rate. The resulting value is constrained to be within a corridor of 90% to 110% of market value, including discounted receivable contributions. Actuary s Assumption Third Segment Rate Reflecting Limit 2019 Expected Return 7.00% 6.11% 6.11% 2018 Expected Return 7.00% 6.29% 6.29% 2017 Expected Return 7.25% 6.48% 6.48% The expected rate of return is based on the plan s asset allocation and forward-looking expected rates of return by asset category provided by Lincoln. Future actuarial measurements Future actuarial measurements may differ significantly from current measurements due to plan experience differing from that anticipated by the economic and demographic assumptions, changes expected as part of the natural operation of the methodology used for these measurements, and changes in plan provisions, applicable law or regulations. An analysis of the potential range of such future differences is beyond the scope of this report. Summary of Changes from the January 1, 2018 Valuation The interest rates and mortality tables were updated to those applicable to the current year in accordance with the requirements of the Internal Revenue Code and associated regulations. The basis for determining the interest crediting rate remained the same, but the assumption reflects an additional year of historical monthly 30-year treasury rate returns. The plan was amended to allow for in-service distributions starting at age 65. In anticipation of more retirement commencements starting at age 65, the age 65 rate of retirement assumption was increased from 30% to 60%. The assumption changes listed above increased the Funding Target by approximately $49.9 million
1 JAN 19-5% Report - Part C Summary Page 120 of 370 Series of Transactions by Issue in Excess of 5% Number of Transaction Aggregate Lease Expenses Current Value of Asset Security Description / Asset ID Transactions Acquisition Price Disposition Price Rental Incurred Cost of Asset on Transaction COLTV SHORT TERM INVT FD CUSIP: 195998AJ8 Total acquisitions 487 122,339,266.76 0.00 122,339,266.76 122,339.266.76 Total dispositions 184 126,405,423.97 0.00 126,405,423.97 126,405.423.97 UNITED STATES T-BOND 2.875% 05-15-2049 SEDOL: Total acquisitions 281 38,813,804.93 0.00 38,813,804.93 38,813.804.93 BK1WFY3 Total dispositions 224 39,865,161.75 0.00 38,813,804.93 39,865.161.75 UNITED STATES TREAS BDS DTD 3.125% 05-15-2048 Total acquisitions 8 9,846,264.54 0.00 9,846,264.54 9,846.264.54 SEDOL: BD59D47 Total dispositions 13 40,751,724.20 0.00 37,886,162.00 40,751.724.20 UNITED STATES TREAS BDS TBOND FIXED 3% 02-15-2049 Total acquisitions 309 116,734,521.29 0.00 116,734,521.29 116,734.521.29 SEDOL: BJ7G9G2 Total dispositions 199 125,962,184.26 0.00 113,460,921.64 125,962.184.26 UNITED STATES TREAS BDS TREASURY BOND 2.375% DUE Total acquisitions 3 57,872,433.60 0.00 57,872,433.60 57,872.433.60 11-15-2049 REG SEDOL: BKVKB94 UNITED STATES TREAS BDS 2.25% 08-15-2049 SEDOL: Total acquisitions 217 91,293,177.41 0.00 91,293,177.41 91,293.177.41 BK9DLC8 Total dispositions 121 84,938,081.73 0.00 88,522,090.52 84,938.081.73 UNITED STATES TREAS NTS DTD 08/15/2019 1.625% DUE Total acquisitions 58 44,729,817.80 0.00 44,729,817.80 44,729.817.80 08-15-2029 REG SEDOL: BK9DLB7 Total dispositions 44 9,013,486.56 0.00 9,056,803.57 9,013.486.56 UNITED STATES TREAS NTS 1.625% DUE 06-30-2024 REG Total acquisitions 14 45,718,268.40 0.00 45,718,268.40 45,718.268.40 SEDOL: BJXXZS1 Total dispositions 28 46,192,743.50 0.00 45,718,268.40 46,192.743.50 UNITED STATES TREAS NTS 2.125% 03-31-202 4 SEDOL: Total acquisitions 5 31,212,874.87 0.00 31,212,874.87 31,212.874.87 BD0NPC6 Total dispositions 10 31,552,925.24 0.00 31,212,874.87 31,552.925.24 UNITED STATES TREAS NTS 2.625% DUE 02-15-2029 REG Total acquisitions 65 38,038,184.62 0.00 38,038,184.62 38,038.184.62 SEDOL: BJ7G9F1 NOTE: TRANSACTIONS ARE BASED ON THE 2018-12-31 VALUE (INCLUDING ACCRUALS) OF 981,958,048.78 Generated by from periodic data on 3 Mar 20
1 JAN 19-5% Report - Part C Summary Page 121 of 370 Series of Transactions by Issue in Excess of 5% Number of Transaction Aggregate Lease Expenses Current Value of Asset Security Description / Asset ID Transactions Acquisition Price Disposition Price Rental Incurred Cost of Asset on Transaction Total dispositions 49 39,048,453.60 0.00 38,038,184.62 39,048.453.60 UNITED STATES TREAS NTS 2.625% DUE 12-31-2023 REG Total acquisitions 5 24,396,499.80 0.00 24,396,499.80 24,396.499.80 SEDOL: BHN7675 Total dispositions 2 24,758,603.52 0.00 24,396,499.80 24,758.603.52 US TREASURY N/B 2.375% 05-15-2029 SEDOL: BK1WFV0 Total acquisitions 54 42,443,226.71 0.00 42,443,226.71 42,443.226.71 Total dispositions 45 43,089,654.64 0.00 42,443,226.71 43,089.654.64 UTD STATES TREAS 1.5% DUE 09-30-2024 SEDOL: Total acquisitions 26 42,843,587.44 0.00 42,843,587.44 42,843.587.44 BJYQBF8 Total dispositions 5 7,420,626.01 0.00 7,479,510.58 7,420.626.01 WI TREASURY SEC 3.375% DUE 11-15-2048 REG SEDOL: Total acquisitions 343 58,548,122.05 0.00 58,548,122.05 58,548.122.05 BGRW851 Total dispositions 274 86,958,517.74 0.00 83,360,489.14 86,958.517.74 NOTE: TRANSACTIONS ARE BASED ON THE 2018-12-31 VALUE (INCLUDING ACCRUALS) OF 981,958,048.78 Generated by from periodic data on 3 Mar 20
SCHEDULE SB (Form 5500) Department of the Treasury Internal Revenue Service Department of Labor Employee Benefits Security Administration Pension Benefit Guaranty Corporation Single-Employer Defined Benefit Plan Actuarial Information This schedule is required to be filed under section 104 of the Employee Retirement Income Security Act of 1974 (ERISA) and section 6059 of the Internal Revenue Code (the Code). OMB No. 1210-0110 This Form is Open to Public Inspection File as an attachment to Form 5500 or 5500-SF. For calendar plan year 2019 or fiscal plan year beginning 01/01/2019 and ending 12/31/2019 Round off amounts to nearest dollar. Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established. A Name of plan B Three-digit ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION ABCDEFGHI ABCDEFGHI RETIREMENT ABCDEFGHI PLAN FOR plan number (PN) ABCDEFGHI EMPLOYEES ABCDEFGHI HIRED PRIOR ABCDEFGHI TO JANUARY ABCDEFGHI 1, 2008 ABCDEFGHI 011 001 ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI C Plan sponsor s name as shown on line 2a of Form 5500 or 5500-SF ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI ABCDEFGHI LINCOLN NATIONAL ABCDEFGHI CORPORATION D Employer Identification Number (EIN) 012345678 35-1140070 E Type of plan: X Single X Multiple-A X Multiple-B F Prior year plan size: X 100 or fewer X 101-500 X More than 500 Part I Basic Information 1 Enter the valuation date: Month 01 Day 01 Year 2019 2 Assets: a Market value... 2a -123456789012345 875,185,820 b Actuarial value... 2b -123456789012345 920,330,506 3 Funding target/participant count breakdown (1) Number of (2) Vested Funding (3) Total Funding participants Target Target a For retired participants and beneficiaries receiving payment... b For terminated vested participants... c For active participants... d Total... 4 If the plan is in at-risk status, check the box and complete lines (a) and (b)... X a Funding target disregarding prescribed at-risk assumptions... 4a -123456789012345 b Funding target reflecting at-risk assumptions, but disregarding transition rule for plans that have been in at-risk status for fewer than five consecutive years and disregarding loading factor... 4b -123456789012345 5 Effective interest rate... 5 123.12% 5.49 6 Target normal cost... 6-123456789012345 8,081,000 Statement by Enrolled Actuary To the best of my knowledge, the information supplied in this schedule and accompanying schedules, statements and attachments, if any, is complete and accurate. Each prescribed assumption was applied in accordance with applicable law and regulations. In my opinion, each other assumption is reasonable (taking into account the experience of the plan and reasonable expectations) and such other assumptions, in combination, offer my best estimate of anticipated experience under the plan. SIGN HERE TIMOTHY J. MAXSON Signature of actuary Date TIMOTHY ABCDEFGHI J. ABCDEFGHI MAXSON ABCDEFGHI ABCDE 2006697 YYYY-MM-DD Type or print name of actuary Most recent enrollment number ABCDEFGHI Buck Global, ABCDEFGHI LLC ABCDEFGHI ABCDE 260-426-7800 1234567 Firm name 110 123456789 W. BERRY ABCDEFGHI ST. ABCDEFGHI ABCDE SUITE 123456789 1300 ABCDEFGHI ABCDEFGHI ABCDE FORT UK WAYNE IN 46802-2317 Address of the firm Telephone number (including area code) 1234567890 If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule, check the box and see X instructions For Paperwork Reduction Act Notice, see the Instructions for Form 5500 or 5500-SF. Schedule SB (Form 5500) 2019 v. 190130 2019 5,884 474,577,701 474,577,701 7,284 231,091,391 231,091,391 3,020 123,927,654 129,639,594 16,188 829,596,746 835,308,686 09/09/2020