Filed August 14, 2009
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.5+ years Filed as: BRANCH BANKING AND TRUST Service code 16 · EIN 56-1368984 | Consulting | $11,582 |
BB&T2 years Filed as: BB&T INSTITUTIONAL INV ADVISORS Service code 27 · EIN 57-0956597 | Advisory (Plan) | $6,776 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,844 | $46,722-61.8% | $130,648-86.3% | $65,185-72.6% |
| Participation rate | 67.7% | 60.9%+6.8pp | 71.7%-4.1pp | 70.2%-2.5pp |
| Annual return | 21.99% | 24.17%-2.2pp | 1708.96%-1687.0pp | 29.38%-7.4pp |
| Employer contribution / active EE | $456 | $1,488-69.3% | $4,092-88.9% | $2,177-79.1% |
| Participant deferral / active EE | $1,200 | $2,545-52.8% | $3,603-66.7% | $3,514-65.8% |
| Admin fee / account holder | $108 | $453-76.2% | $5,464-98.0% | $847-87.3% |