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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.3 years Filed as: TRUIST ADVISORY SERVICES, INC. Service code 26 · EIN 37-1808847 303 PEACHTREE CENTER AVENUE · ATLANTA, GA 30303 | Advisory (Participants) | $53,515 |
PAYCHEX, INC.7 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $39,030 |
Filed as: MESIROW Service code 27 · EIN 36-3429599 353 N CLARK STREET · CHICAGO, IL 60654 | Advisory (Plan) | $6,744 |
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 | $28,919 | $106,247-72.8% | $147,096-80.3% | $77,714-62.8% |
| Participation rate | 72.6% | 78.4%-5.8pp | 82.2%-9.6pp | 70.6%+2.0pp |
| Annual return | 17.98% | 56.87%-38.9pp | 419.75%-401.8pp | 31.26%-13.3pp |
| Employer contribution / active EE | $1,198 | $4,069-70.6% | $4,936-75.7% | $2,727-56.1% |
| Participant deferral / active EE | $3,202 | $7,996-60.0% | $8,071-60.3% | $4,649-31.1% |
| Admin fee / account holder | $189 | $338-44.3% | $13,005-98.6% | $433-56.5% |