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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $992 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $10,998 | $38,925-71.7% | $73,836-85.1% | $55,191-80.1% |
| Participation rate | 67.0% | 66.0%+1.0pp | 73.4%-6.4pp | 69.2%-2.1pp |
| Annual return | -0.44% | 6.31%-6.7pp | 2268.06%-2268.5pp | 10.78%-11.2pp |
| Employer contribution / active EE | $890 | $1,695-47.5% | $2,787-68.1% | $1,899-53.1% |
| Participant deferral / active EE | $1,661 | $2,351-29.3% | $3,583-53.6% | $3,046-45.5% |
| Admin fee / account holder | $4 | $83-94.8% | $4,882-99.9% | $91-95.2% |