Filed April 18, 2014
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $67,817 |
FIRST TENNESSEE BANK2 years Filed as: FIRST HORIZONS ADVISORS Service code 27 | Advisory (Plan) | $43,445 |
PARMAN HOLDINGS CORP1 year Service code 21 · EIN 62-1401507 | Bank Trustee | $7,121 |
FIRST HORIZON ADVISORS INC2 years Filed as: FIRST HORIZON ADVISORS Service code 27 · EIN 62-1254528 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $67,953 | $88,186-22.9% | $165,071-58.8% | $74,459-8.7% |
| Participation rate | 97.2% | 73.1%+24.0pp | 78.6%+18.5pp | 67.2%+29.9pp |
| Annual return | 25.01% | 17.13%+7.9pp | 70.17%-45.2pp | 1369.70%-1344.7pp |
| Employer contribution / active EE | $0 | $2,600-100.0% | $4,347-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $5,425 | $4,505+20.4% | $6,035-10.1% | $4,350+24.7% |
| Admin fee / account holder | $332 | $2,234-85.1% | $12,695-97.4% | $1,945-82.9% |