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| Provider | Service type | Compensation |
|---|---|---|
Service code 15 | Recordkeeping | $111,287 |
PAYCHEX, INC.5+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $31,973 |
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 | $165,896 | $65,376+153.8% | $87,104+90.5% | $65,185+154.5% |
| Participation rate | 67.8% | 75.3%-7.5pp | 76.9%-9.0pp | 70.2%-2.4pp |
| Annual return | 20.83% | 31.27%-10.4pp | 28.19%-7.4pp | 29.38%-8.6pp |
| Employer contribution / active EE | $0 | $1,822-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $7,932 | $3,388+134.1% | $4,048+95.9% | $3,514+125.7% |
| Admin fee / account holder | $966 | $520+85.9% | $7,491-87.1% | $847+14.1% |