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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK2 years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $31,631 |
Service code 37 · EIN 04-2647786 | Loan Processing | $5,196 |
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 | $119,828 | $83,485+43.5% | $125,195-4.3% | $72,976+64.2% |
| Participation rate | 98.8% | 73.3%+25.5pp | 79.8%+19.1pp | 69.5%+29.3pp |
| Annual return | 19.39% | 25.77%-6.4pp | 43.79%-24.4pp | 81.02%-61.6pp |
| Employer contribution / active EE | $6,090 | $2,346+159.6% | $3,866+57.5% | $2,440+149.6% |
| Participant deferral / active EE | $5,635 | $3,586+57.1% | $4,937+14.1% | $3,608+56.2% |
| Admin fee / account holder | $380 | $5,518-93.1% | $9,704-96.1% | $5,124-92.6% |