Filed October 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907 | Recordkeeping | $36,184 |
REGIONS BANK1 year Filed as: REGIONS FINANCIAL CORPORATION Service code 17 · EIN 63-0589368 | Pension Consulting | $13,116 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,767 | $50,199-2.9% | $69,890-30.2% | $66,949-27.2% |
| Participation rate | 70.6% | 66.3%+4.3pp | 70.5%+0.1pp | 69.8%+0.8pp |
| Annual return | -18.57% | -13.85%-4.7pp | 190.84%-209.4pp | 1.57%-20.1pp |
| Employer contribution / active EE | $2,135 | $1,864+14.5% | $2,560-16.6% | $2,545-16.1% |
| Participant deferral / active EE | $4,040 | $3,112+29.8% | $3,848+5.0% | $4,239-4.7% |
| Admin fee / account holder | $365 | $600-39.1% | $6,267-94.2% | $594-38.5% |