Filed April 8, 2024
Total covered: 326 employees
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| 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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,710 | $50,458-64.9% | $160,037-88.9% | $64,824-72.7% |
| Participation rate | 78.5% | 68.0%+10.5pp | 78.0%+0.5pp | 71.5%+7.0pp |
| Annual return | -17.62% | -13.42%-4.2pp | 408.95%-426.6pp | 32.84%-50.5pp |
| Employer contribution / active EE | $438 | $1,722-74.5% | $4,226-89.6% | $2,507-82.5% |
| Participant deferral / active EE | $1,971 | $4,004-50.8% | $6,184-68.1% | $4,311-54.3% |
| Admin fee / account holder | $175 | $706-75.2% | $8,716-98.0% | $188-6.6% |