Filed August 8, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
REGIONS BANK2+ years Service code 27 · EIN 63-0371391 | Advisory (Plan) | $35,518 |
Service code 37 · EIN 04-2647786 | Loan Processing | $34,348 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $72,277 | $68,544+5.4% | $115,752-37.6% | $69,631+3.8% |
| Participation rate | 73.3% | 74.0%-0.6pp | 77.8%-4.4pp | 70.7%+2.6pp |
| Annual return | 18.34% | 20.97%-2.6pp | 19.41%-1.1pp | 27571.02%-27552.7pp |
| Employer contribution / active EE | $215 | $2,400-91.0% | $3,492-93.8% | $2,032-89.4% |
| Participant deferral / active EE | $3,735 | $3,887-3.9% | $5,204-28.2% | $3,224+15.9% |
| Admin fee / account holder | $301 | $90+233.3% | $6,278-95.2% | $110+172.6% |