Filed May 7, 2020 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK1 year Service code 26 · EIN 63-0371391 | Advisory (Participants) | $29,544 |
Service code 37 · EIN 04-2647786 | Loan Processing | $18,734 |
AMERICAN FUNDS4+ years Filed as: CAPITAL ONE N A Service code 61 · EIN 72-6122740 | Finders' fees / placement fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported that benefits due were not provided when due.
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 | $29,294 | $23,119+26.7% | $71,086-58.8% | $75,289-61.1% |
| Participation rate | 23.8% | 36.3%-12.6pp | 54.7%-30.9pp | 72.4%-48.7pp |
| Annual return | -1.47% | -3.32%+1.9pp | 650.59%-652.1pp | -0.04%-1.4pp |
| Employer contribution / active EE | $58 | $399-85.5% | $1,088-94.7% | $2,405-97.6% |
| Participant deferral / active EE | $678 | $960-29.4% | $1,874-63.8% | $3,739-81.9% |
| Admin fee / account holder | $123 | $89+37.7% | $3,082-96.0% | $102+20.4% |