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| Provider | Service type | Compensation |
|---|---|---|
BB&T2 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $74,857 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $2,780 | $155,795-98.2% | $136,297-98.0% | $69,631-96.0% |
| Participation rate | 87.9% | 75.2%+12.7pp | 81.9%+6.0pp | 70.7%+17.2pp |
| Annual return | 17.27% | 232464.33%-232447.1pp | 5156.19%-5138.9pp | 27571.02%-27553.8pp |
| Employer contribution / active EE | $0 | $2,991-100.0% | $4,696-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,198 | $5,394-77.8% | $6,247-80.8% | $3,224-62.8% |
| Admin fee / account holder | $91 | $128-29.3% | $9,244-99.0% | $110-17.9% |