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| Provider | Service type | Compensation |
|---|---|---|
BB&T3+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $3,315 |
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.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $16,046 | $52,639-69.5% | $185,117-91.3% | $62,293-74.2% |
| Participation rate | 39.6% | 63.9%-24.3pp | 77.3%-37.7pp | 69.5%-29.9pp |
| Annual return | 27.53% | 19.57%+8.0pp | 40.50%-13.0pp | 28.90%-1.4pp |
| Employer contribution / active EE | $630 | $1,483-57.5% | $4,182-84.9% | $2,042-69.1% |
| Participant deferral / active EE | $923 | $3,097-70.2% | $5,045-81.7% | $3,169-70.9% |
| Admin fee / account holder | $29 | $374-92.2% | $8,159-99.6% | $479-93.9% |