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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $42,474 |
SUNTRUST BANKS, INC.5 years Filed as: TRUIST INVESTMENT SRVCS Service code 27 · EIN 20-5817590 901 EAST BYRD STREET · RICHMOND, VA 23219 | Advisory (Plan) | $25,601 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Form 5500 reported that benefits due were not provided when due.
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 | $51,928 | $85,515-39.3% | $112,040-53.7% | $67,986-23.6% |
| Participation rate | 96.3% | 68.2%+28.1pp | 76.5%+19.8pp | 57.2%+39.1pp |
| Annual return | 11.75% | 29.68%-17.9pp | 24.52%-12.8pp | 31.67%-19.9pp |
| Employer contribution / active EE | $4,792 | $2,191+118.7% | $2,954+62.2% | $2,019+137.4% |
| Participant deferral / active EE | $6,337 | $4,014+57.9% | $5,098+24.3% | $3,358+88.7% |
| Admin fee / account holder | $229 | $3,774-93.9% | $12,098-98.1% | $3,203-92.9% |