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| Provider | Service type | Compensation |
|---|---|---|
BB&T3+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $4,985 |
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).
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 | $8,274 | $64,909-87.3% | $82,313-89.9% | $62,293-86.7% |
| Participation rate | 98.5% | 74.9%+23.7pp | 76.9%+21.6pp | 69.5%+29.0pp |
| Annual return | 18.16% | 21.18%-3.0pp | 25.88%-7.7pp | 28.90%-10.7pp |
| Employer contribution / active EE | -$6 | $1,676-100.3% | $2,428-100.2% | $2,042-100.3% |
| Participant deferral / active EE | $2,041 | $3,103-34.2% | $3,706-44.9% | $3,169-35.6% |
| Admin fee / account holder | $20 | $440-95.4% | $5,608-99.6% | $479-95.8% |