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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.2 years Filed as: TRUIST ADVISORY SERVICES, INC. Service code 15 · EIN 37-1808847 303 PEACHTREE CENTER AVENUE · ATLANTA, GA 30303 | Recordkeeping | $34,541 |
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $21,697 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,559 | $95,438-73.2% | $135,982-81.2% | $74,473-65.7% |
| Participation rate | 78.3% | 78.2%+0.1pp | 81.9%-3.7pp | 70.7%+7.5pp |
| Annual return | 34.50% | 32.61%+1.9pp | 68.32%-33.8pp | 34.36%+0.1pp |
| Employer contribution / active EE | $1,143 | $3,878-70.5% | $4,859-76.5% | $2,638-56.7% |
| Participant deferral / active EE | $2,963 | $7,790-62.0% | $7,760-61.8% | $4,530-34.6% |
| Admin fee / account holder | $157 | $259-39.4% | $10,767-98.5% | $347-54.8% |