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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.3 years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $87,115 |
BDO USA, LLP1 year Service code 10 PO BOX 642743 · PITTSBURGH, PA 152642743 | Accounting | $32,247 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $173,808 | $78,419+121.6% | $133,971+29.7% | $73,412+136.8% |
| Participation rate | 63.4% | 78.6%-15.2pp | 79.8%-16.4pp | 72.2%-8.8pp |
| Annual return | 13.44% | 33.35%-19.9pp | 45.09%-31.7pp | 59.30%-45.9pp |
| Employer contribution / active EE | $1,016 | $2,044-50.3% | $3,919-74.1% | $2,234-54.5% |
| Participant deferral / active EE | $1,958 | $3,925-50.1% | $5,047-61.2% | $3,806-48.5% |
| Admin fee / account holder | $478 | $161+196.3% | $8,929-94.6% | $158+202.8% |