Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 8-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $8,700 |
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.
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $19,316 | $80,177-75.9% | $123,894-84.4% | $57,658-66.5% |
| Participation rate | 29.7% | 74.4%-44.7pp | 81.4%-51.7pp | 70.2%-40.5pp |
| Annual return | 9.37% | 17.90%-8.5pp | 47.52%-38.1pp | 5.13%+4.2pp |
| Employer contribution / active EE | $916 | $2,913-68.5% | $4,617-80.2% | $1,974-53.6% |
| Participant deferral / active EE | $1,583 | $5,130-69.1% | $5,984-73.5% | $3,061-48.3% |
| Admin fee / account holder | $119 | $106+11.7% | $8,357-98.6% | $95+25.6% |