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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $38,908 |
PAYCHEX, INC.9+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $37,434 |
Service code 15 | Recordkeeping | $12,865 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $154,325 | $76,107+102.8% | $96,576+59.8% | $71,495+115.9% |
| Participation rate | 86.7% | 74.4%+12.3pp | 76.0%+10.7pp | 67.9%+18.8pp |
| Annual return | 16.48% | 22.81%-6.3pp | 25.87%-9.4pp | 28.85%-12.4pp |
| Employer contribution / active EE | $0 | $2,247-100.0% | $2,965-100.0% | $2,589-100.0% |
| Participant deferral / active EE | $10,644 | $4,218+152.3% | $4,851+119.4% | $4,291+148.1% |
| Admin fee / account holder | $433 | $2,708-84.0% | $8,253-94.8% | $1,588-72.7% |