Filed June 21, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $125,146 |
REGIONS BANK4 years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $56,636 |
Form 5500 reported that benefits due were not provided when due.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,094 | $67,512-71.7% | $185,823-89.7% | $93,030-79.5% |
| Participation rate | 72.7% | 67.1%+5.6pp | 81.7%-9.0pp | 73.9%-1.2pp |
| Annual return | 13.17% | 21.04%-7.9pp | 122.05%-108.9pp | 158.70%-145.5pp |
| Employer contribution / active EE | $250 | $1,783-86.0% | $5,167-95.2% | $2,706-90.8% |
| Participant deferral / active EE | $1,643 | $3,035-45.9% | $5,568-70.5% | $4,562-64.0% |
| Admin fee / account holder | $114 | $318-64.0% | $16,237-99.3% | $152-24.6% |