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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK2+ years Filed as: REGIONS INSTITUTIONAL TRUST Service code 27 · EIN 63-0371391 | Advisory (Plan) | $33,069 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,750 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $95,285 | $69,977+36.2% | $108,582-12.2% | $62,881+51.5% |
| Participation rate | 98.9% | 72.9%+26.0pp | 79.6%+19.4pp | 69.3%+29.6pp |
| Annual return | 7.07% | 10.73%-3.7pp | -51.70%+58.8pp | 20.14%-13.1pp |
| Employer contribution / active EE | $5,609 | $2,135+162.7% | $3,758+49.3% | $2,281+145.9% |
| Participant deferral / active EE | $5,053 | $3,165+59.7% | $4,311+17.2% | $3,203+57.8% |
| Admin fee / account holder | $338 | $5,076-93.3% | $7,645-95.6% | $4,296-92.1% |