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| Provider | Service type | Compensation |
|---|---|---|
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $34,595 |
PAYCHEX, INC.10+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $18,125 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,358 | $88,203-44.0% | $165,100-70.1% | $74,478-33.7% |
| Participation rate | 67.3% | 73.1%-5.8pp | 78.6%-11.3pp | 67.2%+0.1pp |
| Annual return | 16.75% | 17.13%-0.4pp | 70.21%-53.5pp | 1370.56%-1353.8pp |
| Employer contribution / active EE | $1,143 | $2,601-56.0% | $4,348-73.7% | $2,626-56.5% |
| Participant deferral / active EE | $3,023 | $4,505-32.9% | $6,035-49.9% | $4,350-30.5% |
| Admin fee / account holder | $261 | $2,235-88.3% | $12,696-97.9% | $1,946-86.6% |