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.2 years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $29,618 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $24,842 | $64,286-61.4% | $90,951-72.7% | $73,409-66.2% |
| Participation rate | 60.9% | 63.6%-2.7pp | 69.0%-8.2pp | 72.2%-11.3pp |
| Annual return | 26.70% | 21.45%+5.2pp | 134.60%-107.9pp | 59.29%-32.6pp |
| Employer contribution / active EE | $1,744 | $895+95.0% | $2,122-17.8% | $2,234-21.9% |
| Participant deferral / active EE | $2,785 | $2,453+13.5% | $3,373-17.4% | $3,805-26.8% |
| Admin fee / account holder | $176 | $287-38.7% | $5,959-97.0% | $158+11.5% |