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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $20,340 |
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $163 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,966 | $57,108-49.3% | $94,229-69.3% | $52,331-44.6% |
| Participation rate | 53.5% | 72.9%-19.4pp | 78.8%-25.2pp | 68.1%-14.6pp |
| Annual return | -2.75% | 1.47%-4.2pp | 10.68%-13.4pp | 4.54%-7.3pp |
| Employer contribution / active EE | $715 | $1,735-58.8% | $3,587-80.1% | $1,882-62.0% |
| Participant deferral / active EE | $2,291 | $3,040-24.6% | $4,320-47.0% | $3,022-24.2% |
| Admin fee / account holder | $2 | $546-99.7% | $6,269-100.0% | $592-99.7% |