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| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK2+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $10,402 |
Service code 37 · EIN 04-2647786 | Loan Processing | $8,199 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $15,964 | $50,898-68.6% | $171,082-90.7% | $55,167-71.1% |
| Participation rate | 52.7% | 63.3%-10.5pp | 76.7%-24.0pp | 69.0%-16.2pp |
| Annual return | 7.68% | 15.34%-7.7pp | 32.56%-24.9pp | 169.23%-161.6pp |
| Employer contribution / active EE | $763 | $1,433-46.8% | $4,002-80.9% | $1,963-61.1% |
| Participant deferral / active EE | $1,599 | $2,994-46.6% | $4,797-66.7% | $3,054-47.7% |
| Admin fee / account holder | $124 | $500-75.2% | $8,520-98.5% | $504-75.4% |