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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.10+ years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $27,218 |
EXCEL WEALTH MANAGEMENT, LLC4 years Service code 26 · EIN 81-2780637 935 MAIN ST. · MANCHESTER, CT 06040 | Advisory (Participants) | $22,043 |
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 | $73,787 | $54,193+36.2% | $93,669-21.2% | $77,714-5.1% |
| Participation rate | 35.0% | 63.9%-29.0pp | 68.7%-33.7pp | 70.6%-35.6pp |
| Annual return | 12.06% | 30.54%-18.5pp | 133.59%-121.5pp | 31.26%-19.2pp |
| Employer contribution / active EE | $912 | $1,168-21.9% | $2,424-62.4% | $2,727-66.5% |
| Participant deferral / active EE | $1,952 | $3,144-37.9% | $4,416-55.8% | $4,649-58.0% |
| Admin fee / account holder | $265 | $576-53.9% | $8,291-96.8% | $433-38.8% |