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| Provider | Service type | Compensation |
|---|---|---|
BB&T2 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $7,345 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $22,889 | $64,286-64.4% | $90,970-74.8% | $73,412-68.8% |
| Participation rate | 16.3% | 63.6%-47.3pp | 69.0%-52.7pp | 72.2%-55.9pp |
| Annual return | 14.69% | 21.46%-6.8pp | 134.58%-119.9pp | 59.30%-44.6pp |
| Employer contribution / active EE | $385 | $895-56.9% | $2,122-81.8% | $2,234-82.7% |
| Participant deferral / active EE | $728 | $2,453-70.3% | $3,373-78.4% | $3,806-80.9% |
| Admin fee / account holder | $77 | $287-73.1% | $5,960-98.7% | $158-51.0% |