Retirement plan

REGIONS FINANCIAL CORPORATION 401(K) PLAN

Name: REGIONS FINANCIAL CORPORATION - REGIONS FINANCIAL CORPORATION 401(K) PLAN (2017) Form 5500
Creator: REGIONS FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REGIONS FINANCIAL CORPORATION 401(K) PLAN, REGIONS FINANCIAL CORPORATION

REGIONS FINANCIAL CORPORATIONEIN 63-0589368Plan #012PY 2017

1900 5TH AVENUE NORTH, ALBH11805B - BIRMINGHAM, AL 35203877-562-8383

Other plans on this EIN

3 filings

#001Retirement-$1.29B assets #013Retirement-$1.05B assets #014Retirement-$4.4M assets

Prospect flagsLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed July 20, 2006 (most recent of 4 filings on file)

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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Total assets (EOY)

$1969.8M

+18.4% from 2016

Total participants

30,904

-2.5% from 2016

Average account balance

$65,734

+19.6% from 2016

Annual return

19.34%

+1.94 pp from 2016

Benchmarks

See 80 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort80 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.20B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$111K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

28,825

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$247.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.22%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$54

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,561,878
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 52 · EIN 25-6078093	Indirect Investment Fees	$0
CRM1 year Service code 52 · EIN 13-3156718	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 · EIN 94-3390852	Indirect Investment Fees	$0
EATON VANCE1 year Service code 52 · EIN 04-2325690	Indirect Investment Fees	$0
MORLEY FINANCIAL SERVICES INC1 year Service code 52 · EIN 93-6274329	Indirect Investment Fees	$0
PIMCO FUNDS1 year Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
PIONEER1 year Service code 52 · EIN 04-2652279	Indirect Investment Fees	$0
SEI INVESTMENTS1 year Filed as: SEI INVESTMENTS COMPANY Service code 52 · EIN 46-2555386	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 61-6434302	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2S2T2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$66 / participant

Contract admin$2M99.9%
Other / not subdivided$1K0.1%

% of EOY assets

0.079%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,734

$112,134-41.4%

$149,721-56.1%

$80,976-18.8%

Participation rate

96.0%

87.3%+8.8pp

87.1%+9.0pp

68.3%+27.8pp

Annual return

19.34%

17.23%+2.1pp

1501.67%-1482.3pp

22.91%-3.6pp

Employer contribution / active EE

$2,756

$3,991-31.0%

$5,444-49.4%

$2,402+14.7%

Participant deferral / active EE

$3,674

$6,036-39.1%

$6,568-44.1%

$3,848-4.5%

Admin fee / account holder

$52

$109-52.3%

$11,282-99.5%

$67-22.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,561,878

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 52 · EIN 25-6078093

Indirect Investment Fees

CRM1 year

Service code 52 · EIN 13-3156718

Indirect Investment Fees

DODGE & COX1 year

Service code 52 · EIN 94-3390852

Indirect Investment Fees

EATON VANCE1 year

Service code 52 · EIN 04-2325690

Indirect Investment Fees

MORLEY FINANCIAL SERVICES INC1 year

Service code 52 · EIN 93-6274329

Indirect Investment Fees

PIMCO FUNDS1 year

Service code 52 · EIN 95-2632339

Indirect Investment Fees

PIONEER1 year

Service code 52 · EIN 04-2652279

Indirect Investment Fees

SEI INVESTMENTS1 year

Filed as: SEI INVESTMENTS COMPANY

Service code 52 · EIN 46-2555386

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 61-6434302

Indirect Investment Fees

REGIONS FINANCIAL CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REGIONS FINANCIAL CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion