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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FOUNDATION RETIREMENT PLAN CON Service code 15 27 E. MERRICK ROAD · VALLEY STREAM, NY 11580 | Recordkeeping | $10,339 |
PAYCHEX, INC.4+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,768 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $11,919 | $43,999-72.9% | $79,466-85.0% | $55,725-78.6% |
| Participation rate | 43.1% | 66.9%-23.8pp | 73.3%-30.3pp | 70.9%-27.8pp |
| Annual return | -3.40% | 1.81%-5.2pp | 718.28%-721.7pp | 244.93%-248.3pp |
| Employer contribution / active EE | $598 | $1,830-67.3% | $2,800-78.6% | $2,078-71.2% |
| Participant deferral / active EE | $1,165 | $2,538-54.1% | $3,704-68.5% | $3,356-65.3% |
| Admin fee / account holder | $84 | $118-28.8% | $5,104-98.4% | $115-27.4% |