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| Provider | Service type | Compensation |
|---|---|---|
BB&T2+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $839 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $23,274 | $56,640-58.9% | $78,002-70.2% | $55,167-57.8% |
| Participation rate | 75.2% | 73.3%+1.9pp | 75.5%-0.3pp | 69.0%+6.2pp |
| Annual return | 11.51% | 2868.48%-2857.0pp | 425.99%-414.5pp | 169.23%-157.7pp |
| Employer contribution / active EE | $1,227 | $1,724-28.8% | $2,470-50.3% | $1,963-37.5% |
| Participant deferral / active EE | $2,058 | $2,778-25.9% | $3,497-41.1% | $3,054-32.6% |
| Admin fee / account holder | $7 | $467-98.6% | $5,481-99.9% | $504-98.7% |