Filed January 6, 2020 (most recent of 3 filings on file)
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $104,946 |
REGIONS BANK1 year Service code 27 · EIN 63-0371391 | Advisory (Plan) | $50,134 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,067 | $44,989-24.3% | $170,435-80.0% | $77,958-56.3% |
| Participation rate | 32.7% | 64.6%-31.9pp | 83.6%-50.9pp | 71.6%-39.0pp |
| Annual return | 16.24% | 19.61%-3.4pp | 205.94%-189.7pp | 20.87%-4.6pp |
| Employer contribution / active EE | $514 | $1,466-65.0% | $5,432-90.5% | $2,310-77.8% |
| Participant deferral / active EE | $869 | $2,208-60.6% | $4,939-82.4% | $3,537-75.4% |
| Admin fee / account holder | $90 | $69+30.2% | $13,881-99.4% | $97-7.8% |