Filed April 12, 2023 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.2+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $82,080 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,469 | $58,758-10.7% | $69,779-24.8% | $63,975-18.0% |
| Participation rate | 100.0% | 77.5%+22.5pp | 71.8%+28.2pp | 71.1%+28.9pp |
| Annual return | 0.99% | 18.05%-17.1pp | 12.99%-12.0pp | 48.65%-47.7pp |
| Employer contribution / active EE | $1,391 | $1,973-29.5% | $2,338-40.5% | $2,182-36.3% |
| Participant deferral / active EE | $1,224 | $2,912-58.0% | $2,931-58.2% | $3,356-63.5% |
| Admin fee / account holder | $29 | $71-59.6% | $4,381-99.3% | $70-59.3% |