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| Provider | Service type | Compensation |
|---|---|---|
RENASANT BANK5 years Service code 21 209 TROY ST · TUPELO, MS 38802 | Bank Trustee | $30,780 |
Service code 15 · EIN 16-1450952 | Recordkeeping | $1,800 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,857 | $64,138-12.9% | $112,258-50.2% | $66,930-16.5% |
| Participation rate | 24.2% | 68.5%-44.3pp | 75.1%-50.9pp | 69.8%-45.6pp |
| Annual return | -13.87% | -13.81%-0.1pp | 27.47%-41.3pp | 1.57%-15.4pp |
| Employer contribution / active EE | $1,108 | $3,006-63.1% | $3,636-69.5% | $2,545-56.5% |
| Participant deferral / active EE | $1,515 | $3,694-59.0% | $4,728-68.0% | $4,238-64.3% |
| Admin fee / account holder | $461 | $625-26.2% | $6,411-92.8% | $593-22.3% |