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| Provider | Service type | Compensation |
|---|---|---|
BB&T1 year Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $17,687 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,477 | $51,244-67.8% | $80,977-79.7% | $55,167-70.1% |
| Participation rate | 75.2% | 71.7%+3.5pp | 75.8%-0.6pp | 69.0%+6.2pp |
| Annual return | 10.66% | 17.39%-6.7pp | 17.11%-6.4pp | 169.23%-158.6pp |
| Employer contribution / active EE | $1,184 | $1,770-33.1% | $3,715-68.1% | $1,963-39.7% |
| Participant deferral / active EE | $1,590 | $4,418-64.0% | $5,696-72.1% | $3,054-47.9% |
| Admin fee / account holder | $147 | $398-63.1% | $5,517-97.3% | $504-70.9% |