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| Provider | Service type | Compensation |
|---|---|---|
BB&T3 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $10,775 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,533 | $79,523-70.4% | $140,019-83.2% | $56,287-58.2% |
| Participation rate | 49.0% | 85.7%-36.7pp | 87.5%-38.5pp | 69.9%-20.9pp |
| Annual return | 2.16% | 2.39%-0.2pp | 651.15%-649.0pp | -9.96%+12.1pp |
| Employer contribution / active EE | $1,267 | $3,350-62.2% | $5,605-77.4% | $2,111-40.0% |
| Participant deferral / active EE | $2,580 | $5,129-49.7% | $6,927-62.8% | $3,350-23.0% |
| Admin fee / account holder | $97 | $614-84.2% | $10,705-99.1% | $521-81.4% |