Plan Snapshot
- Plan Sponsor: Regions Financial Corporation
- Sponsor EIN: 630589368
- Sponsor Address: 250 RIVERCHASE PKWY E, 5TH FLOOR, HOOVER, AL, 35244
- Plan Type: 401(k)
- Total Participants: 20,137
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 20,137 | $3.2B | $104.4M | $142.7M |
| 2023 | 20,782 | $2.9B | $99.4M | $138.6M |
| 2022 | 20,733 | $2.5B | $93.5M | $125.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ERNST & YOUNG | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,549,890 | — | — | — | — |
| 2023 | $777,985 | — | — | — | — |
| 2022 | $1,231,054 | — | $1,231,054 | — | — |