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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.1+ years Filed as: BRANCH BANKING AND TRUST Service code 16 · EIN 56-1368984 | Consulting | $13,856 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $40,911 | $44,850-8.8% | $60,547-32.4% | $59,633-31.4% |
| Participation rate | 37.0% | 59.5%-22.5pp | 68.0%-31.0pp | 68.7%-31.7pp |
| Annual return | 0.38% | 1074.14%-1073.8pp | 335.64%-335.3pp | 2041.45%-2041.1pp |
| Employer contribution / active EE | $196 | $1,462-86.6% | $2,419-91.9% | $2,203-91.1% |
| Participant deferral / active EE | $784 | $2,230-64.8% | $3,328-76.4% | $3,192-75.4% |
| Admin fee / account holder | $385 | $3,635-89.4% | $4,536-91.5% | $4,297-91.0% |