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| Provider | Service type | Compensation |
|---|---|---|
BB&T2+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $3,278 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,598 | $35,986-90.0% | $77,513-95.4% | $73,493-95.1% |
| Participation rate | 16.2% | 40.8%-24.6pp | 54.2%-38.0pp | 70.7%-54.5pp |
| Annual return | 28.25% | 19.26%+9.0pp | 54.81%-26.6pp | 28.51%-0.3pp |
| Employer contribution / active EE | $132 | $557-76.4% | $987-86.7% | $2,270-94.2% |
| Participant deferral / active EE | $370 | $1,198-69.1% | $1,861-80.1% | $3,740-90.1% |
| Admin fee / account holder | $143 | $466-69.4% | $2,859-95.0% | $513-72.2% |