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| Provider | Service type | Compensation |
|---|---|---|
HANCOCK WHITNEY BANK1 year Filed as: WHITNEY BANK Service code 21 · EIN 72-1171087 | Bank Trustee | $850 |
Service code 59 · EIN 94-1737782 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $1,589 | $43,423-96.3% | $78,676-98.0% | $55,167-97.1% |
| Participation rate | 49.7% | 68.0%-18.4pp | 73.6%-23.9pp | 69.0%-19.3pp |
| Annual return | 13.25% | 11.53%+1.7pp | 62.19%-48.9pp | 169.23%-156.0pp |
| Employer contribution / active EE | $52 | $1,997-97.4% | $2,850-98.2% | $1,963-97.4% |
| Participant deferral / active EE | $789 | $2,509-68.6% | $3,517-77.6% | $3,054-74.2% |
| Admin fee / account holder | $6 | $416-98.6% | $4,510-99.9% | $504-98.8% |