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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 | $81,334-36.2% | $113,397-54.2% | $64,097-19.0% |
| Participation rate | 96.3% | 65.6%+30.7pp | 76.5%+19.8pp | 55.2%+41.1pp |
| Annual return | 11.75% | 32.50%-20.8pp | 23.20%-11.5pp | 34.64%-22.9pp |
| Employer contribution / active EE | $4,792 | $2,077+130.8% | $2,977+61.0% | $1,891+153.4% |
| Participant deferral / active EE | $6,337 | $3,795+67.0% | $5,076+24.8% | $3,080+105.7% |
| Admin fee / account holder | $229 | $4,208-94.6% | $11,957-98.1% | $3,454-93.4% |