Filed July 11, 2022
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.5+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $37,004 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,884 | $49,138+1.5% | $84,015-40.6% | $65,185-23.5% |
| Participation rate | 81.6% | 60.7%+20.9pp | 69.0%+12.6pp | 70.2%+11.4pp |
| Annual return | 17.45% | 23.00%-5.6pp | 71.31%-53.9pp | 29.38%-11.9pp |
| Employer contribution / active EE | $1,410 | $914+54.3% | $1,983-28.9% | $2,177-35.2% |
| Participant deferral / active EE | $2,587 | $2,397+7.9% | $3,239-20.1% | $3,514-26.4% |
| Admin fee / account holder | $180 | $543-66.9% | $6,101-97.1% | $847-78.8% |