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| Provider | Service type | Compensation |
|---|---|---|
BB&T2 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $19,178 |
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 | $23,277 | $59,535-60.9% | $90,161-74.2% | $62,293-62.6% |
| Participation rate | 78.4% | 73.0%+5.4pp | 76.9%+1.6pp | 69.5%+8.9pp |
| Annual return | 19.39% | 23.53%-4.1pp | 34.89%-15.5pp | 28.90%-9.5pp |
| Employer contribution / active EE | $1,404 | $1,826-23.1% | $3,318-57.7% | $2,042-31.3% |
| Participant deferral / active EE | $1,779 | $4,639-61.7% | $5,287-66.4% | $3,169-43.9% |
| Admin fee / account holder | $173 | $337-48.5% | $5,943-97.1% | $479-63.8% |