Filed July 11, 2022
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| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.4+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $35,002 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $54,717 | $42,548+28.6% | $74,551-26.6% | $56,289-2.8% |
| Participation rate | 62.8% | 60.5%+2.3pp | 69.1%-6.4pp | 69.9%-7.1pp |
| Annual return | -4.82% | 12.40%-17.2pp | 32.53%-37.4pp | -9.96%+5.1pp |
| Employer contribution / active EE | $1,096 | $855+28.2% | $1,961-44.1% | $2,111-48.1% |
| Participant deferral / active EE | $2,055 | $2,277-9.8% | $3,108-33.9% | $3,350-38.7% |
| Admin fee / account holder | $217 | $467-53.5% | $5,059-95.7% | $521-58.3% |