Filed April 8, 2024
Total covered: 326 employees
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $47,789 |
REGIONS BANK5+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $27,630 |
Employer contribution per participant 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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,876 | $48,471-67.2% | $182,532-91.3% | $67,579-76.5% |
| Participation rate | 75.3% | 67.2%+8.1pp | 78.0%-2.7pp | 71.3%+4.0pp |
| Annual return | 21.95% | 31.08%-9.1pp | 148.54%-126.6pp | 378.56%-356.6pp |
| Employer contribution / active EE | $370 | $1,461-74.6% | $4,076-90.9% | $2,148-82.8% |
| Participant deferral / active EE | $1,513 | $3,324-54.5% | $5,524-72.6% | $3,539-57.2% |
| Admin fee / account holder | $123 | $151-18.5% | $8,592-98.6% | $142-13.4% |