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| Provider | Service type | Compensation |
|---|---|---|
BB&T6+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $5,385 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,882 | $56,152-75.3% | $185,827-92.5% | $73,412-81.1% |
| Participation rate | 48.8% | 67.6%-18.7pp | 78.0%-29.2pp | 72.2%-23.3pp |
| Annual return | 16.10% | 17.59%-1.5pp | 35.96%-19.9pp | 59.30%-43.2pp |
| Employer contribution / active EE | $837 | $1,532-45.4% | $4,087-79.5% | $2,234-62.5% |
| Participant deferral / active EE | $1,293 | $3,659-64.7% | $5,633-77.0% | $3,806-66.0% |
| Admin fee / account holder | $22 | $132-83.1% | $9,502-99.8% | $158-85.8% |