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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK5+ years Service code 15 · EIN 63-0371391 | Recordkeeping | $31,325 |
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $18,935 |
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).
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 | $24,333 | $52,961-54.1% | $172,752-85.9% | $65,185-62.7% |
| Participation rate | 74.1% | 66.2%+7.9pp | 82.6%-8.5pp | 70.2%+3.9pp |
| Annual return | 21.13% | 30.12%-9.0pp | 802.97%-781.8pp | 29.38%-8.3pp |
| Employer contribution / active EE | -$214 | $2,190-109.8% | $5,144-104.2% | $2,177-109.8% |
| Participant deferral / active EE | $4,819 | $2,471+95.0% | $5,198-7.3% | $3,514+37.1% |
| Admin fee / account holder | $220 | $472-53.3% | $13,955-98.4% | $847-74.0% |