Filed December 24, 2021
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 06-1050034 | Contract Administrator | $68,324 |
REGIONS BANK3+ years Filed as: REGIONS Service code 49 · EIN 63-0371391 | Other Services | $51,399 |
Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 | Recordkeeping | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $112,360 | $64,909+73.1% | $82,312+36.5% | $62,293+80.4% |
| Participation rate | 100.0% | 74.9%+25.1pp | 76.9%+23.1pp | 69.5%+30.5pp |
| Annual return | 77.30% | 21.18%+56.1pp | 25.88%+51.4pp | 28.90%+48.4pp |
| Employer contribution / active EE | $4,506 | $1,676+168.9% | $2,428+85.6% | $2,042+120.7% |
| Participant deferral / active EE | $18,465 | $3,103+495.0% | $3,706+398.2% | $3,169+482.6% |
| Admin fee / account holder | $340 | $440-22.6% | $5,608-93.9% | $479-29.0% |