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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.2 years Filed as: TRUIST INVESTMENT SRVCS Service code 53 · EIN 20-5817590 901 EAST BYRD STREET · RICHMOND, VA 23219 | Insurance Commissions | $27,425 |
NATIONWIDE6 years Service code 52 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215 | Indirect Investment Fees | $26,364 |
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).
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 | $27,981 | $65,453-57.3% | $86,698-67.7% | $66,938-58.2% |
| Participation rate | 93.3% | 75.5%+17.8pp | 76.6%+16.7pp | 69.8%+23.5pp |
| Annual return | -13.84% | -10.89%-2.9pp | 35.95%-49.8pp | 1.58%-15.4pp |
| Employer contribution / active EE | $4,604 | $2,154+113.8% | $2,837+62.3% | $2,545+80.9% |
| Participant deferral / active EE | $6,109 | $4,102+48.9% | $4,656+31.2% | $4,238+44.1% |
| Admin fee / account holder | $141 | $642-78.1% | $7,493-98.1% | $594-76.3% |