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| Provider | Service type | Compensation |
|---|---|---|
BB&T3 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $13,237 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $27,838 | $58,888-52.7% | $178,499-84.4% | $73,493-62.1% |
| Participation rate | 23.4% | 66.2%-42.9pp | 81.9%-58.5pp | 70.7%-47.3pp |
| Annual return | 13.70% | 24.86%-11.2pp | 151.10%-137.4pp | 28.51%-14.8pp |
| Employer contribution / active EE | $0 | $2,236-100.0% | $5,011-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $644 | $2,568-74.9% | $5,202-87.6% | $3,740-82.8% |
| Admin fee / account holder | $217 | $400-45.8% | $13,986-98.4% | $513-57.7% |