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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK1+ years Filed as: REGIONS INSTITUTIONAL TRUST Service code 27 · EIN 63-0371391 | Advisory (Plan) | $32,461 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,456 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $85,967 | $65,704+30.8% | $94,229-8.8% | $59,633+44.2% |
| Participation rate | 98.9% | 72.1%+26.8pp | 78.8%+20.1pp | 68.7%+30.2pp |
| Annual return | -0.35% | 5.22%-5.6pp | 10.68%-11.0pp | 2041.45%-2041.8pp |
| Employer contribution / active EE | $5,232 | $2,021+158.9% | $3,587+45.9% | $2,203+137.6% |
| Participant deferral / active EE | $4,775 | $3,143+51.9% | $4,320+10.5% | $3,192+49.6% |
| Admin fee / account holder | $329 | $4,265-92.3% | $6,269-94.7% | $4,297-92.3% |