Filed May 19, 2024
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| Provider | Service type | Compensation |
|---|---|---|
GYL FINANCIAL SYNERGIES1 year Service code 15 20 KETCHUM STREET · WESTPORT, CT 06880 | Recordkeeping | $12,175 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,340 |
GYL FINANCIAL SYNERGIES1 year Filed as: GYL RESNICK Service code 15 55 POST ROAD WEST, SUITE 300 · WESTPORT, CT 06880 | Recordkeeping | $5,612 |
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $49,094 | $55,636-11.8% | $81,982-40.1% | $73,497-33.2% |
| Participation rate | 91.3% | 62.3%+29.0pp | 69.3%+22.0pp | 70.7%+20.6pp |
| Annual return | 13.87% | 19.07%-5.2pp | 41.31%-27.4pp | 28.51%-14.6pp |
| Employer contribution / active EE | $1,066 | $1,625-34.4% | $2,498-57.3% | $2,270-53.1% |
| Participant deferral / active EE | $4,871 | $2,762+76.3% | $3,722+30.9% | $3,740+30.2% |
| Admin fee / account holder | $203 | $493-58.8% | $5,665-96.4% | $513-60.5% |