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| Provider | Service type | Compensation |
|---|---|---|
BB&T3 years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $29,772 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $37,260 | $63,114-41.0% | $92,909-59.9% | $65,185-42.8% |
| Participation rate | 64.9% | 68.8%-3.8pp | 76.0%-11.1pp | 70.2%-5.3pp |
| Annual return | 23.38% | 28.75%-5.4pp | 109.44%-86.1pp | 29.38%-6.0pp |
| Employer contribution / active EE | $1,519 | $2,571-40.9% | $3,653-58.4% | $2,177-30.2% |
| Participant deferral / active EE | $2,487 | $3,108-20.0% | $4,238-41.3% | $3,514-29.2% |
| Admin fee / account holder | $231 | $624-63.0% | $5,795-96.0% | $847-72.8% |