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| Provider | Service type | Compensation |
|---|---|---|
RENASANT BANK3 years Service code 21 209 TROY ST · TUPLEO, MS 38802 | Bank Trustee | $56,741 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $2,374 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $82,753 | $81,276+1.8% | $155,574-46.8% | $80,925+2.3% |
| Participation rate | 83.5% | 66.2%+17.3pp | 78.2%+5.3pp | 67.7%+15.9pp |
| Annual return | 13.56% | 33.36%-19.8pp | 64.87%-51.3pp | 35.65%-22.1pp |
| Employer contribution / active EE | $2,252 | $3,103-27.4% | $4,676-51.8% | $2,756-18.3% |
| Participant deferral / active EE | $7,760 | $3,453+124.7% | $5,629+37.9% | $4,299+80.5% |
| Admin fee / account holder | $533 | $7,993-93.3% | $15,914-96.7% | $6,940-92.3% |