Filed April 8, 2024
Total covered: 326 employees
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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK4+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $31,598 |
Service code 37 · EIN 04-2647786 | Loan Processing | $30,282 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $12,270 | $42,810-71.3% | $169,452-92.8% | $55,725-78.0% |
| Participation rate | 73.4% | 64.7%+8.6pp | 77.8%-4.4pp | 70.9%+2.5pp |
| Annual return | -7.29% | -3.61%-3.7pp | 1.83%-9.1pp | 244.93%-252.2pp |
| Employer contribution / active EE | $0 | $1,402-100.0% | $4,157-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,394 | $3,141-55.6% | $5,277-73.6% | $3,356-58.5% |
| Admin fee / account holder | $102 | $106-4.5% | $9,110-98.9% | $115-11.7% |