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| Provider | Service type | Compensation |
|---|---|---|
BB&T1 year Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $8,461 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $42,084 | $58,726-28.3% | $92,240-54.4% | $62,293-32.4% |
| Participation rate | 50.7% | 68.3%-17.7pp | 76.5%-25.8pp | 69.5%-18.8pp |
| Annual return | 15.99% | 43.62%-27.6pp | 176.29%-160.3pp | 28.90%-12.9pp |
| Employer contribution / active EE | $978 | $2,392-59.1% | $3,680-73.4% | $2,042-52.1% |
| Participant deferral / active EE | $2,056 | $2,766-25.7% | $3,897-47.3% | $3,169-35.1% |
| Admin fee / account holder | $93 | $556-83.3% | $5,194-98.2% | $479-80.6% |