| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK2+ years Service code 27 417 20TH ST N · BIRMINGHAM, AL 35203 | Advisory (Plan) | $135,886 |
Service code 25 · EIN 04-2647786 | Directed Trustee | $86,112 |
Service code 10 · EIN 02-5857627 | Accounting | $66,619 |
Filed as: NICHOLSON & COMPANY , PLLC Service code 10 · EIN 20-5857627 | Accounting | $3,910 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $38,112 | $168,231-77.3% | $67,836-43.8% | $63,975-40.4% |
| Participation rate | 33.2% | 66.8%-33.6pp | 68.8%-35.6pp | 71.1%-38.0pp |
| Annual return | 12.22% | 11.76%+0.5pp | 138.49%-126.3pp | 48.65%-36.4pp |
| Employer contribution / active EE | $532 | $1,907-72.1% | $2,404-77.9% | $2,182-75.6% |
| Participant deferral / active EE | $1,219 | $2,827-56.9% | $3,160-61.4% | $3,356-63.7% |
| Admin fee / account holder | $178 | $81+120.5% | $4,621-96.2% | $70+152.1% |