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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Filed as: PAYCHEX INC Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $19,172 |
EXCEL WEALTH MANAGEMENT, LLC4 years Filed as: EXCEL WEALTH MANAGEMENT LLC Service code 26 · EIN 81-2780637 935 MAIN ST · MANCHESTER, CT 06040 | Advisory (Participants) | $17,927 |
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 | $65,631 | $42,367+54.9% | $79,580-17.5% | $64,819+1.3% |
| Participation rate | 34.0% | 64.7%-30.7pp | 69.5%-35.5pp | 71.5%-37.4pp |
| Annual return | -15.33% | -12.23%-3.1pp | 0.15%-15.5pp | 32.84%-48.2pp |
| Employer contribution / active EE | $909 | $1,181-23.0% | $2,413-62.3% | $2,507-63.7% |
| Participant deferral / active EE | $1,857 | $3,170-41.4% | $3,985-53.4% | $4,311-56.9% |
| Admin fee / account holder | $259 | $160+62.3% | $6,835-96.2% | $188+37.9% |