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| Provider | Service type | Compensation |
|---|---|---|
BB&T1+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 21 · EIN 56-0939887 | Bank Trustee | $7,565 |
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.
Opinion is qualified - a specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,279 | $45,283-77.3% | $155,789-93.4% | $52,331-80.4% |
| Participation rate | 42.1% | 62.2%-20.1pp | 76.1%-34.0pp | 68.1%-26.0pp |
| Annual return | 23.92% | 1.80%+22.1pp | 71.54%-47.6pp | 4.54%+19.4pp |
| Employer contribution / active EE | $612 | $1,329-53.9% | $3,839-84.1% | $1,882-67.5% |
| Participant deferral / active EE | $956 | $2,854-66.5% | $4,798-80.1% | $3,022-68.4% |
| Admin fee / account holder | $79 | $981-92.0% | $7,477-98.9% | $592-86.7% |