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| Provider | Service type | Compensation |
|---|---|---|
BB&T2+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $23,377 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $35,962 | $56,640-36.5% | $78,002-53.9% | $55,167-34.8% |
| Participation rate | 63.6% | 73.3%-9.7pp | 75.5%-12.0pp | 69.0%-5.4pp |
| Annual return | 7.13% | 2868.48%-2861.3pp | 425.99%-418.9pp | 169.23%-162.1pp |
| Employer contribution / active EE | $970 | $1,724-43.7% | $2,470-60.7% | $1,963-50.6% |
| Participant deferral / active EE | $2,226 | $2,778-19.9% | $3,497-36.4% | $3,054-27.1% |
| Admin fee / account holder | $231 | $467-50.4% | $5,481-95.8% | $504-54.1% |