Filed March 29, 2019 (most recent of 2 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.1 year Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $6,847 |
T ROWE PRICE RPS INC3 years Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931 | Recordkeeping | $5,276 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,859 | $49,138-65.7% | $84,021-79.9% | $65,185-74.1% |
| Participation rate | 57.9% | 60.7%-2.8pp | 69.0%-11.1pp | 70.2%-12.3pp |
| Annual return | 22.24% | 23.00%-0.8pp | 71.32%-49.1pp | 29.38%-7.1pp |
| Employer contribution / active EE | $1,245 | $914+36.3% | $1,984-37.2% | $2,177-42.8% |
| Participant deferral / active EE | $2,220 | $2,397-7.4% | $3,239-31.5% | $3,514-36.8% |
| Admin fee / account holder | $81 | $543-85.0% | $6,102-98.7% | $847-90.4% |