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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $23,910 |
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $18,571 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,524 | $66,459-55.6% | $81,353-63.7% | $77,736-62.0% |
| Participation rate | 78.8% | 68.7%+10.1pp | 69.5%+9.3pp | 70.6%+8.2pp |
| Annual return | 15.58% | 15.95%-0.4pp | 24.82%-9.2pp | 31.26%-15.7pp |
| Employer contribution / active EE | $1,554 | $2,156-27.9% | $2,464-36.9% | $2,728-43.0% |
| Participant deferral / active EE | $2,935 | $3,674-20.1% | $3,885-24.4% | $4,651-36.9% |
| Admin fee / account holder | $167 | $585-71.5% | $5,766-97.1% | $433-61.5% |