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| Provider | Service type | Compensation |
|---|---|---|
BB&T1+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $1,296 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $7,932 | $52,467-84.9% | $57,196-86.1% | $55,167-85.6% |
| Participation rate | 31.1% | 75.8%-44.8pp | 75.3%-44.3pp | 69.0%-37.9pp |
| Annual return | 0.00% | 7.72%-7.7pp | 14.59%-14.6pp | 169.23%-169.2pp |
| Employer contribution / active EE | $624 | $2,477-74.8% | $2,683-76.7% | $1,963-68.2% |
| Participant deferral / active EE | $1,749 | $2,830-38.2% | $3,096-43.5% | $3,054-42.7% |
| Admin fee / account holder | $31 | $269-88.5% | $3,141-99.0% | $504-93.9% |