Filed April 8, 2024
Total covered: 326 employees
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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $72,697 |
REGIONS BANK7+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $38,201 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,103 | $60,607-65.2% | $189,557-88.9% | $86,799-75.7% |
| Participation rate | 77.8% | 68.9%+8.9pp | 78.4%-0.7pp | 72.3%+5.5pp |
| Annual return | 15.21% | 65.18%-50.0pp | 64.17%-49.0pp | 97.91%-82.7pp |
| Employer contribution / active EE | $400 | $1,626-75.4% | $4,412-90.9% | $2,405-83.4% |
| Participant deferral / active EE | $1,908 | $3,895-51.0% | $6,174-69.1% | $4,131-53.8% |
| Admin fee / account holder | $178 | $159+12.1% | $9,807-98.2% | $170+5.0% |