Filed August 26, 2022 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $270,468 |
SUNTRUST BANKS, INC.3 years Filed as: TRUIST ADVISORY SERVICES, INC. Service code 27 · EIN 37-1808847 | Advisory (Plan) | $69,936 |
MORNINGSTAR3 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $105,035 | $89,123+17.9% | $102,460+2.5% | $77,762+35.1% |
| Participation rate | 97.2% | 80.9%+16.3pp | 76.5%+20.7pp | 70.6%+26.6pp |
| Annual return | 13.37% | 25.05%-11.7pp | 29.47%-16.1pp | 31.27%-17.9pp |
| Employer contribution / active EE | $3,726 | $2,700+38.0% | $3,025+23.2% | $2,728+36.6% |
| Participant deferral / active EE | $8,817 | $5,148+71.3% | $5,056+74.4% | $4,651+89.6% |
| Admin fee / account holder | $335 | $236+42.1% | $9,460-96.5% | $433-22.6% |