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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK3+ years Service code 15 · EIN 63-0371391 | Recordkeeping | $20,786 |
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $8,977 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $34,767 | $64,909-46.4% | $82,312-57.8% | $62,293-44.2% |
| Participation rate | 74.5% | 74.9%-0.3pp | 76.9%-2.3pp | 69.5%+5.0pp |
| Annual return | 17.80% | 21.18%-3.4pp | 25.88%-8.1pp | 28.90%-11.1pp |
| Employer contribution / active EE | $275 | $1,676-83.6% | $2,428-88.7% | $2,042-86.5% |
| Participant deferral / active EE | $3,659 | $3,103+17.9% | $3,706-1.3% | $3,169+15.5% |
| Admin fee / account holder | $274 | $440-37.8% | $5,608-95.1% | $479-42.9% |