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 |
|---|---|---|---|---|
| NEWTON INVESTMENT MANAGEMENT | Investment Advisor | $281,285 | — | $281,285 |
| TELUS HEALTH | Other Service Provider | $249,318 | — | $249,318 |
| LEGAL & GENERAL INVESTMENT MANAGEME | Investment Advisor | $203,034 | — | $203,034 |
| WELLINGTON | Custodian / Trustee | $198,501 | — | $198,501 |
| TOWERS WATSON | Actuary | $178,129 | — | $178,129 |
| CALLAN ASSOCIATES INC | Other Service Provider | $123,912 | — | $123,912 |
| CORNERSTONE INVESTMENT PARTNERS, LL | Investment Advisor | $113,130 | — | $113,130 |
| MERCER HUMAN RESOURCES | Actuary | $102,789 | — | $102,789 |
| DIMENSIONAL FUND ADVISORS LP | Investment Advisor | $37,805 | — | $37,805 |
| WARREN AVERETT | Auditor | $33,000 | — | $33,000 |
| ATLANTA CAPITAL | Custodian / Trustee | $24,563 | — | $24,563 |
| ERNST & YOUNG | Auditor | $16,254 | — | $16,254 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT — Auditor
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,561,720
- Estimated Expense Ratio: 0.221% 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 |