Filed April 12, 2023 (most recent of 3 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
SUNTRUST BANKS, INC.4+ years Service code 21 303 PEACHTREE STREET, 15TH FLOOR · ATLANTA, GA 30308 | Bank Trustee | $132,815 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,350 | $77,559-48.0% | $68,612-41.2% | $75,289-46.4% |
| Participation rate | 62.4% | 78.3%-15.9pp | 72.2%-9.8pp | 72.4%-10.0pp |
| Annual return | -4.17% | -1.01%-3.2pp | -4.63%+0.5pp | -0.04%-4.1pp |
| Employer contribution / active EE | $873 | $1,993-56.2% | $2,625-66.7% | $2,405-63.7% |
| Participant deferral / active EE | $874 | $3,128-72.0% | $3,311-73.6% | $3,739-76.6% |
| Admin fee / account holder | $38 | $90-58.0% | $5,131-99.3% | $102-62.9% |