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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK5+ years Service code 15 · EIN 63-0371391 | Recordkeeping | $30,176 |
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754 | Recordkeeping | $5,840 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $160,018 | $72,273+121.4% | $101,275+58.0% | $79,856+100.4% |
| Participation rate | 75.6% | 68.5%+7.2pp | 75.8%-0.2pp | 69.6%+6.0pp |
| Annual return | 0.15% | 22.30%-22.1pp | 46.48%-46.3pp | 31.71%-31.6pp |
| Employer contribution / active EE | $766 | $2,691-71.5% | $3,660-79.1% | $2,471-69.0% |
| Participant deferral / active EE | $4,203 | $3,282+28.1% | $4,371-3.8% | $3,741+12.4% |
| Admin fee / account holder | $468 | $4,401-89.4% | $5,948-92.1% | $5,306-91.2% |