Filed April 8, 2016 (most recent of 2 filings on file)
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 |
|---|---|---|
TRUSTMARK NATIONAL BANK2 years Service code 27 PO BOX 291 · JACKSON, MS 392050291 | Advisory (Plan) | $18,771 |
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930 | Recordkeeping | $17,405 |
Filed as: REYNOLDS BONE & GRIESBECK PLC Service code 10 5100 WHEELIS DR · MEMPHIS, TN 38117 | Accounting | $10,000 |
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.)
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $35,744 | $79,867-55.2% | $120,344-70.3% | $64,340-44.4% |
| Participation rate | 51.6% | 63.0%-11.4pp | 76.7%-25.1pp | 55.2%-3.7pp |
| Annual return | 4.56% | 21.10%-16.5pp | 20.30%-15.7pp | 24.14%-19.6pp |
| Employer contribution / active EE | $363 | $1,925-81.1% | $3,020-88.0% | $1,862-80.5% |
| Participant deferral / active EE | $1,867 | $3,593-48.0% | $5,135-63.6% | $2,980-37.4% |
| Admin fee / account holder | $350 | $5,039-93.1% | $12,742-97.3% | $3,703-90.6% |