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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 | $27,103 |
PAYCHEX, INC.9+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $13,778 |
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 | $46,190 | $83,045-44.4% | $130,045-64.5% | $71,511-35.4% |
| Participation rate | 62.4% | 74.1%-11.7pp | 78.5%-16.1pp | 67.9%-5.5pp |
| Annual return | 19.42% | 20.61%-1.2pp | -137.30%+156.7pp | 28.86%-9.4pp |
| Employer contribution / active EE | $1,097 | $2,623-58.2% | $4,321-74.6% | $2,589-57.6% |
| Participant deferral / active EE | $2,811 | $4,436-36.6% | $5,820-51.7% | $4,291-34.5% |
| Admin fee / account holder | $224 | $1,727-87.0% | $10,600-97.9% | $1,588-85.9% |