Filed June 21, 2023 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK1+ years Filed as: REGIONS Service code 27 · EIN 63-0927507 | Advisory (Plan) | $25,471 |
Service code 37 · EIN 04-2647786 | Loan Processing | $24,971 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $18,673 | $37,039-49.6% | $147,614-87.3% | $59,188-68.5% |
| Participation rate | 39.9% | 63.8%-23.9pp | 84.6%-44.8pp | 69.4%-29.6pp |
| Annual return | -0.15% | 7.19%-7.3pp | 61.98%-62.1pp | 5.51%-5.7pp |
| Employer contribution / active EE | $122 | $1,353-91.0% | $5,564-97.8% | $2,098-94.2% |
| Participant deferral / active EE | $566 | $2,094-73.0% | $4,895-88.4% | $3,265-82.7% |
| Admin fee / account holder | $133 | $60+121.3% | $11,611-98.9% | $92+44.5% |