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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.1 year Filed as: BRANCH BANKING AND TRUST COMPANY Service code 15 · EIN 56-1368984 | Recordkeeping | $30,587 |
CHERRY BEKAERT LLP1 year Filed as: CHERRY BAKAERT LLP Service code 10 · EIN 56-0574444 | Accounting | $12,500 |
SUNTRUST BANKS, INC.4+ years Filed as: BBANDT Service code 52 | Indirect Investment Fees | $5,828 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $82,526 | $91,559-9.9% | $133,971-38.4% | $79,852+3.3% |
| Participation rate | 89.3% | 73.3%+15.9pp | 79.8%+9.4pp | 69.6%+19.6pp |
| Annual return | 11.96% | 61.85%-49.9pp | 45.09%-33.1pp | 31.72%-19.8pp |
| Employer contribution / active EE | $768 | $2,384-67.8% | $3,919-80.4% | $2,471-68.9% |
| Participant deferral / active EE | $7,161 | $3,734+91.8% | $5,047+41.9% | $3,740+91.4% |
| Admin fee / account holder | $392 | $6,321-93.8% | $8,929-95.6% | $5,306-92.6% |