| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK4+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $151,363 |
Service code 25 · EIN 04-2647786 | Directed Trustee | $119,095 |
TOPP MCWHORTER HARVEY, PLLC3 years Service code 10 · EIN 20-5857627 | Accounting | $60,420 |
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 | $41,323 | $57,606-28.3% | $67,313-38.6% | $75,289-45.1% |
| Participation rate | 31.5% | 68.2%-36.8pp | 69.1%-37.6pp | 72.4%-41.0pp |
| Annual return | -5.37% | -0.47%-4.9pp | -4.08%-1.3pp | -0.04%-5.3pp |
| Employer contribution / active EE | $540 | $2,206-75.5% | $2,566-78.9% | $2,405-77.5% |
| Participant deferral / active EE | $1,410 | $3,195-55.9% | $3,568-60.5% | $3,739-62.3% |
| Admin fee / account holder | $177 | $83+113.5% | $4,507-96.1% | $102+72.6% |