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| Provider | Service type | Compensation |
|---|---|---|
RENASANT BANK3 years Service code 21 209 TROY ST · TUPELO, MS 38802 | Bank Trustee | $23,687 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $1,707 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,368 | $69,383-31.7% | $101,271-53.2% | $73,493-35.5% |
| Participation rate | 34.4% | 68.4%-34.0pp | 75.8%-41.4pp | 70.7%-36.3pp |
| Annual return | 13.30% | 18.46%-5.2pp | 46.48%-33.2pp | 28.51%-15.2pp |
| Employer contribution / active EE | $216 | $2,628-91.8% | $3,660-94.1% | $2,270-90.5% |
| Participant deferral / active EE | $1,630 | $3,301-50.6% | $4,371-62.7% | $3,740-56.4% |
| Admin fee / account holder | $339 | $704-51.9% | $5,948-94.3% | $513-34.0% |