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.3 years Filed as: BRANCH BANKING & TRUST COMPANY Service code 16 · EIN 56-1368984 | Consulting | $48,730 |
PRONVEST3 years Service code 26 · EIN 62-1823351 | Advisory (Participants) | $23,596 |
BB&T IIA3 years Service code 51 · EIN 57-0956597 | Investment Mgmt Fees | $16,620 |
BB&T3 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 | $58,695 | $63,114-7.0% | $92,893-36.8% | $65,185-10.0% |
| Participation rate | 82.0% | 68.8%+13.2pp | 76.0%+6.0pp | 70.2%+11.8pp |
| Annual return | 23.33% | 28.75%-5.4pp | 109.41%-86.1pp | 29.38%-6.1pp |
| Employer contribution / active EE | $564 | $2,571-78.0% | $3,653-84.6% | $2,177-74.1% |
| Participant deferral / active EE | $4,940 | $3,108+59.0% | $4,236+16.6% | $3,514+40.6% |
| Admin fee / account holder | $494 | $624-20.8% | $5,794-91.5% | $847-41.7% |