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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 | $20,519 |
PAYCHEX, INC.7+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $10,201 |
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 | $39,502 | $93,182-57.6% | $146,643-73.1% | $79,391-50.2% |
| Participation rate | 80.4% | 76.4%+4.0pp | 80.1%+0.3pp | 70.7%+9.7pp |
| Annual return | 28.67% | 21.61%+7.1pp | 22.75%+5.9pp | 116.88%-88.2pp |
| Employer contribution / active EE | $961 | $2,420-60.3% | $4,137-76.8% | $2,428-60.4% |
| Participant deferral / active EE | $2,891 | $4,169-30.7% | $5,506-47.5% | $4,046-28.6% |
| Admin fee / account holder | $170 | $585-71.0% | $10,280-98.3% | $627-72.9% |