Plan Snapshot
- Plan Sponsor: Regions Financial Corporation
- Sponsor EIN: 630589368
- Sponsor Address: 1900 5TH AVENUE NORTH, BIRMINGHAM, AL, 35203
- Plan Type: DB
- Total Participants: 2,008
- Total Assets: $708.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,008 | $708.1M | $0 | $0 |
| 2023 | 2,240 | $716.3M | $0 | $0 |
| 2022 | 2,395 | $700.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| WARREN AVERETT, LLC | Auditor | $33,000 | — | $33,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,000
- Estimated Expense Ratio: 0.005% of plan assets
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 | $2,176,513 | $1,107,636 | — | $33,000 | — |
| 2023 | $1,447,164 | $324,216 | — | $52,500 | — |
| 2022 | $1,471,121 | $311,483 | — | — | $537,319 |