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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 | Recordkeeping | $96,276 |
PAYCHEX, INC.4+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $30,187 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $146,391 | $59,186+147.3% | $76,768+90.7% | $56,287+160.1% |
| Participation rate | 68.6% | 75.2%-6.6pp | 77.0%-8.3pp | 69.9%-1.2pp |
| Annual return | -5.92% | 6.62%-12.5pp | 2.43%-8.4pp | -9.96%+4.0pp |
| Employer contribution / active EE | $0 | $1,759-100.0% | $2,485-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $7,376 | $3,255+126.6% | $3,852+91.5% | $3,350+120.2% |
| Admin fee / account holder | $925 | $489+89.1% | $6,675-86.1% | $521+77.5% |