Filed July 15, 2022
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 | Recordkeeping | $125,941 |
REGIONS BANK3 years Filed as: REGIONS Service code 70 · EIN 63-0589368 | Consulting Fees | $82,500 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $129,756 | $75,388+72.1% | $123,553+5.0% | $55,725+132.9% |
| Participation rate | 77.3% | 75.7%+1.6pp | 82.3%-5.0pp | 70.9%+6.5pp |
| Annual return | -6.58% | 4.48%-11.1pp | 119.21%-125.8pp | 244.93%-251.5pp |
| Employer contribution / active EE | $1,907 | $3,063-37.7% | $4,628-58.8% | $2,078-8.2% |
| Participant deferral / active EE | $7,346 | $5,651+30.0% | $6,426+14.3% | $3,356+118.9% |
| Admin fee / account holder | $572 | $120+377.9% | $9,284-93.8% | $115+396.9% |