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| Provider | Service type | Compensation |
|---|---|---|
SYNOVUS TRUST COMPANY N.A.1+ years Filed as: SYNOVUS TRUST COMPANY, N.A. Service code 15 · EIN 58-2146977 PO BOX 23024 · COLUMBUS, GA 319023024 | Recordkeeping | $30,978 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $59,190 | $65,704-9.9% | $94,229-37.2% | $59,633-0.7% |
| Participation rate | 61.2% | 72.1%-10.9pp | 78.8%-17.6pp | 68.7%-7.5pp |
| Annual return | -1.36% | 5.22%-6.6pp | 10.68%-12.0pp | 2041.45%-2042.8pp |
| Employer contribution / active EE | $0 | $2,021-100.0% | $3,587-100.0% | $2,203-100.0% |
| Participant deferral / active EE | $1,132 | $3,143-64.0% | $4,320-73.8% | $3,192-64.5% |
| Admin fee / account holder | $508 | $4,265-88.1% | $6,269-91.9% | $4,297-88.2% |