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| Provider | Service type | Compensation |
|---|---|---|
BB&T2+ years Filed as: BB&T INSTITUTIONAL SERVICES Service code 15 · EIN 56-0939887 | Recordkeeping | $8,547 |
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 | $15,388 | $57,976-73.5% | $63,018-75.6% | $62,293-75.3% |
| Participation rate | 27.0% | 75.9%-48.9pp | 74.8%-47.8pp | 69.5%-42.5pp |
| Annual return | 21.08% | 17.54%+3.5pp | 87.62%-66.5pp | 28.90%-7.8pp |
| Employer contribution / active EE | $514 | $2,415-78.7% | $2,761-81.4% | $2,042-74.9% |
| Participant deferral / active EE | $1,502 | $2,956-49.2% | $3,330-54.9% | $3,169-52.6% |
| Admin fee / account holder | $182 | $276-34.1% | $3,601-94.9% | $479-62.1% |