Filed April 8, 2016 (most recent of 2 filings on file)
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| 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 | $85,515-58.2% | $112,040-68.1% | $67,986-47.4% |
| Participation rate | 51.6% | 68.2%-16.6pp | 76.5%-24.9pp | 57.2%-5.6pp |
| Annual return | 4.56% | 29.68%-25.1pp | 24.52%-20.0pp | 31.67%-27.1pp |
| Employer contribution / active EE | $363 | $2,191-83.4% | $2,954-87.7% | $2,019-82.0% |
| Participant deferral / active EE | $1,867 | $4,014-53.5% | $5,098-63.4% | $3,358-44.4% |
| Admin fee / account holder | $350 | $3,774-90.7% | $12,098-97.1% | $3,203-89.1% |