Filed July 3, 2013
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.2 years Filed as: BRANCH BANKING & TRUST COMPANY Service code 16 · EIN 56-1368984 | Consulting | $40,940 |
PRONVEST2 years Service code 26 · EIN 62-1823351 | Advisory (Participants) | $19,151 |
BB&T IIA2 years Service code 51 · EIN 57-0956597 | Investment Mgmt Fees | $15,998 |
BB&T2 years Service code 52 | Indirect Investment Fees | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $48,091 | $55,449-13.3% | $83,848-42.6% | $56,287-14.6% |
| Participation rate | 90.0% | 68.0%+22.0pp | 76.1%+13.9pp | 69.9%+20.1pp |
| Annual return | 2.27% | -1.38%+3.7pp | 850.88%-848.6pp | -9.96%+12.2pp |
| Employer contribution / active EE | $1,357 | $2,430-44.2% | $3,631-62.6% | $2,111-35.7% |
| Participant deferral / active EE | $4,478 | $2,935+52.5% | $4,082+9.7% | $3,350+33.7% |
| Admin fee / account holder | $458 | $656-30.1% | $5,478-91.6% | $521-12.0% |