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| Provider | Service type | Compensation |
|---|---|---|
RENASANT BANK2 years Service code 21 209 TROY ST · TUPLEO, MS 38802 | Bank Trustee | $41,029 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $3,261 |
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 | $71,032 | $77,908-8.8% | $149,696-52.5% | $75,173-5.5% |
| Participation rate | 75.3% | 65.6%+9.7pp | 78.8%-3.5pp | 67.2%+8.1pp |
| Annual return | 19.55% | 31.73%-12.2pp | 134.46%-114.9pp | 160.72%-141.2pp |
| Employer contribution / active EE | $1,519 | $3,138-51.6% | $4,821-68.5% | $2,671-43.1% |
| Participant deferral / active EE | $5,730 | $3,411+68.0% | $5,682+0.8% | $4,126+38.9% |
| Admin fee / account holder | $403 | $5,950-93.2% | $13,212-97.0% | $5,651-92.9% |