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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.9+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $22,528 |
EXCEL WEALTH MANAGEMENT, LLC3 years Service code 15 · EIN 81-2780637 935 MAIN ST. · MANCHESTER, CT 06040 | Recordkeeping | $17,399 |
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 | $70,641 | $53,165+32.9% | $86,209-18.1% | $74,440-5.1% |
| Participation rate | 36.6% | 64.9%-28.3pp | 69.0%-32.4pp | 70.7%-34.2pp |
| Annual return | 15.49% | 22.64%-7.2pp | 1169.05%-1153.6pp | 34.37%-18.9pp |
| Employer contribution / active EE | $944 | $1,210-22.0% | $2,381-60.4% | $2,638-64.2% |
| Participant deferral / active EE | $2,061 | $3,234-36.3% | $3,986-48.3% | $4,529-54.5% |
| Admin fee / account holder | $257 | $551-53.3% | $6,853-96.2% | $348-26.0% |