Retirement plan
MCGRIFF, SEIBELS & WILLIAMS, INC. EMPLOYEE 401(K) PLAN
BB&T CORPORATIONEIN 56-0939887Plan #021PY 2015
P.O. BOX 1215 - WINSTON-SALEM, NC 271021215800-716-2455
Other plans on this EIN
3 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVE REEDER, SR. VICE PRESIDENT
Signed 07/28/2016
Plan administrator entity
EMPLOYEE BENEFITS PLAN COMMITTEE BB&T CORPORATION
EIN 560939887
P.O. BOX 1215 · WINSTON-SALEM, NC 27102
(800) 176-2455Summary metrics
Total assets (EOY)
$107.1M
No prior year
Total participants
944
No prior year
Average account balance
$123,812
No prior year
Annual return
0.74%
+104.96 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants250-999
Cohort1,335 peers
Snapshot2015
81
Participant deferral / active EE
$7,741
median $3,822
74
Employer contribution / active EE
$3,887
median $2,135
45
Participation rate
90.6%
median 92.1%
88
Avg account balance
$123,812
median $53,877
77
Admin fee / account holder
$8
median $33
48
Annual return
0.74%
median 0.78%
Overall peer rank
69of 100
69th percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BB&T1+ years Service code 21 · EIN 56-1368984 | Bank Trustee | $4,712 |
Top hat statement on fileNQDC
Filed October 18, 2004
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.
Plan features & details
Pension benefit codes2E2F2G2J2K2T3D3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$7K
$8 / participant
- Contract admin$7K100.0%
% of EOY assets
0.006%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified