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| Provider | Service type | Compensation |
|---|---|---|
BB&T4+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $37,795 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $37,061 | $58,093-36.2% | $80,022-53.7% | $56,287-34.2% |
| Participation rate | 68.9% | 73.6%-4.7pp | 75.8%-6.9pp | 69.9%-0.9pp |
| Annual return | -5.41% | 34.63%-40.0pp | 11.22%-16.6pp | -9.96%+4.6pp |
| Employer contribution / active EE | $1,075 | $1,933-44.4% | $2,468-56.4% | $2,111-49.1% |
| Participant deferral / active EE | $2,165 | $3,136-31.0% | $3,686-41.3% | $3,350-35.4% |
| Admin fee / account holder | $310 | $623-50.2% | $6,521-95.2% | $521-40.5% |