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| Provider | Service type | Compensation |
|---|---|---|
BB&T4+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $2,386 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $14,417 | $43,133-66.6% | $89,400-83.9% | $73,493-80.4% |
| Participation rate | 4.7% | 55.0%-50.3pp | 68.0%-63.3pp | 70.7%-66.0pp |
| Annual return | 1.75% | 135.66%-133.9pp | 245.64%-243.9pp | 28.51%-26.8pp |
| Employer contribution / active EE | $0 | $1,438-100.0% | $2,586-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $255 | $2,445-89.6% | $3,890-93.5% | $3,740-93.2% |
| Admin fee / account holder | $175 | $444-60.7% | $4,882-96.4% | $513-66.0% |