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| Provider | Service type | Compensation |
|---|---|---|
BB&T1 year Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $3,347 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,018 | $75,183-84.0% | $123,894-90.3% | $55,167-78.2% |
| Participation rate | 16.5% | 72.8%-56.3pp | 81.4%-64.9pp | 69.0%-52.5pp |
| Annual return | 9.12% | 19.01%-9.9pp | 47.52%-38.4pp | 169.23%-160.1pp |
| Employer contribution / active EE | $0 | $2,823-100.0% | $4,617-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $904 | $5,084-82.2% | $5,984-84.9% | $3,054-70.4% |
| Admin fee / account holder | $105 | $663-84.2% | $8,357-98.7% | $504-79.2% |