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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $9,713 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $20,324 | $73,102-72.2% | $123,552-83.5% | $56,287-63.9% |
| Participation rate | 41.7% | 74.3%-32.6pp | 82.3%-40.6pp | 69.9%-28.1pp |
| Annual return | -6.98% | 3.01%-10.0pp | 119.20%-126.2pp | -9.96%+3.0pp |
| Employer contribution / active EE | $1,262 | $2,977-57.6% | $4,628-72.7% | $2,111-40.2% |
| Participant deferral / active EE | $1,979 | $5,423-63.5% | $6,426-69.2% | $3,350-40.9% |
| Admin fee / account holder | $144 | $554-73.9% | $9,285-98.4% | $521-72.3% |