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 | $69,936 |
REGIONS BANK8+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $40,588 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,710 | $50,458-64.9% | $159,960-88.9% | $64,808-72.7% |
| Participation rate | 78.5% | 68.0%+10.5pp | 78.0%+0.6pp | 71.5%+7.0pp |
| Annual return | -17.62% | -13.42%-4.2pp | 408.60%-426.2pp | 32.82%-50.4pp |
| Employer contribution / active EE | $438 | $1,722-74.5% | $4,226-89.6% | $2,506-82.5% |
| Participant deferral / active EE | $1,971 | $4,004-50.8% | $6,182-68.1% | $4,310-54.3% |
| Admin fee / account holder | $175 | $706-75.2% | $8,698-98.0% | $188-6.6% |