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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.1+ years Filed as: BRANCH BANKING AND TRUST COMPANY Service code 16 · EIN 56-1368984 | Consulting | $26,450 |
Filed as: BB&T INSTITUTIONAL ADVISORS, INC. Service code 26 · EIN 57-0956597 | Advisory (Participants) | $11,834 |
Service code 10 · EIN 52-1711839 | Accounting | $11,232 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $39,415 | $42,546-7.4% | $71,796-45.1% | $55,167-28.6% |
| Participation rate | 39.6% | 59.1%-19.5pp | 69.1%-29.5pp | 69.0%-29.4pp |
| Annual return | -32.51% | 12.36%-44.9pp | 78.04%-110.6pp | 169.23%-201.7pp |
| Employer contribution / active EE | $197 | $803-75.5% | $1,924-89.8% | $1,963-90.0% |
| Participant deferral / active EE | $1,507 | $2,064-27.0% | $2,794-46.1% | $3,054-50.6% |
| Admin fee / account holder | $597 | $650-8.2% | $4,815-87.6% | $504+18.4% |