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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,451 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $3,835 | $26,137-85.3% | $58,561-93.5% | $74,460-94.8% |
| Participation rate | 27.2% | 32.2%-4.9pp | 50.9%-23.6pp | 70.7%-43.5pp |
| Annual return | 16.09% | 32.53%-16.4pp | 4251.33%-4235.2pp | 34.38%-18.3pp |
| Employer contribution / active EE | $0 | $537-100.0% | $1,053-100.0% | $2,638-100.0% |
| Participant deferral / active EE | $362 | $1,076-66.3% | $1,923-81.2% | $4,530-92.0% |
| Admin fee / account holder | $40 | $648-93.8% | $2,520-98.4% | $348-88.5% |