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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
BB&T3+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $33,823 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,113 | $50,385+41.1% | $75,670-6.0% | $62,292+14.2% |
| Participation rate | 48.5% | 67.7%-19.2pp | 72.3%-23.8pp | 69.5%-21.0pp |
| Annual return | 13.46% | 19.90%-6.4pp | 27.34%-13.9pp | 28.90%-15.4pp |
| Employer contribution / active EE | $1,505 | $1,537-2.1% | $2,352-36.0% | $2,042-26.3% |
| Participant deferral / active EE | $2,424 | $2,445-0.9% | $3,142-22.9% | $3,169-23.5% |
| Admin fee / account holder | $604 | $384+57.2% | $5,800-89.6% | $479+26.0% |