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| Provider | Service type | Compensation |
|---|---|---|
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754 | Recordkeeping | $4,825 |
BB&T4 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $337 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,433 | $41,647-84.6% | $96,171-93.3% | $86,821-92.6% |
| Participation rate | 43.2% | 50.3%-7.1pp | 68.4%-25.2pp | 72.3%-29.1pp |
| Annual return | 23.12% | 27.24%-4.1pp | 192.04%-168.9pp | 97.94%-74.8pp |
| Employer contribution / active EE | $361 | $1,328-72.8% | $2,799-87.1% | $2,406-85.0% |
| Participant deferral / active EE | $1,694 | $2,412-29.8% | $4,350-61.1% | $4,132-59.0% |
| Admin fee / account holder | $14 | $169-91.8% | $5,538-99.7% | $170-91.8% |