Filed July 11, 2022
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| 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).
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 | $49,884 | $49,138+1.5% | $84,023-40.6% | $65,186-23.5% |
| Participation rate | 81.6% | 60.7%+20.9pp | 69.0%+12.6pp | 70.2%+11.4pp |
| Annual return | 17.45% | 23.00%-5.6pp | 71.32%-53.9pp | 29.39%-11.9pp |
| Employer contribution / active EE | $1,410 | $914+54.3% | $1,984-28.9% | $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% | $6,102-97.1% | $847-78.8% |