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| Provider | Service type | Compensation |
|---|---|---|
BB&T1+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $1,016 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $2,682 | $32,425-91.7% | $74,577-96.4% | $55,167-95.1% |
| Participation rate | 30.5% | 54.0%-23.5pp | 68.1%-37.6pp | 69.0%-38.5pp |
| Annual return | 0.00% | 10.63%-10.6pp | 20.47%-20.5pp | 169.23%-169.2pp |
| Employer contribution / active EE | $274 | $1,043-73.7% | $2,525-89.1% | $1,963-86.0% |
| Participant deferral / active EE | $570 | $1,995-71.4% | $3,458-83.5% | $3,054-81.4% |
| Admin fee / account holder | $24 | $748-96.8% | $4,138-99.4% | $504-95.3% |