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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.1 year Filed as: TRUIST ADVISORY SERVICES, INC. Service code 15 303 PEACHTREE CENTER AVENUE · ATLANTA, GA 30303 | Recordkeeping | $27,984 |
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $16,352 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,535 | $82,188-81.1% | $125,391-87.6% | $64,824-76.0% |
| Participation rate | 82.5% | 77.9%+4.6pp | 82.4%+0.1pp | 71.5%+11.0pp |
| Annual return | -15.18% | 3.50%-18.7pp | 572.41%-587.6pp | 32.84%-48.0pp |
| Employer contribution / active EE | $1,020 | $3,617-71.8% | $4,816-78.8% | $2,507-59.3% |
| Participant deferral / active EE | $2,561 | $7,177-64.3% | $7,448-65.6% | $4,311-40.6% |
| Admin fee / account holder | $116 | $163-28.7% | $10,009-98.8% | $188-38.0% |