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| Provider | Service type | Compensation |
|---|---|---|
BB&T6+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $9,904 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $14,998 | $91,167-83.5% | $178,498-91.6% | $79,858-81.2% |
| Participation rate | 65.0% | 69.2%-4.2pp | 81.9%-16.9pp | 69.6%-4.6pp |
| Annual return | 7.47% | 24.19%-16.7pp | 151.09%-143.6pp | 31.72%-24.3pp |
| Employer contribution / active EE | $808 | $3,255-75.2% | $5,011-83.9% | $2,471-67.3% |
| Participant deferral / active EE | $1,838 | $3,236-43.2% | $5,202-64.7% | $3,740-50.8% |
| Admin fee / account holder | $171 | $6,747-97.5% | $13,985-98.8% | $5,306-96.8% |