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| Provider | Service type | Compensation |
|---|---|---|
BB&T2+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $4,830 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $5,916 | $60,165-90.2% | $74,184-92.0% | $55,167-89.3% |
| Participation rate | 97.7% | 74.2%+23.6pp | 76.6%+21.1pp | 69.0%+28.7pp |
| Annual return | 9.51% | 10.00%-0.5pp | 17.74%-8.2pp | 169.23%-159.7pp |
| Employer contribution / active EE | $389 | $1,600-75.7% | $2,370-83.6% | $1,963-80.2% |
| Participant deferral / active EE | $2,098 | $2,973-29.4% | $3,550-40.9% | $3,054-31.3% |
| Admin fee / account holder | $20 | $419-95.2% | $5,586-99.6% | $504-96.0% |