Filed June 1, 2017
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.10+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $18,127 |
COMPASS 360, LLC5 years Filed as: COMPASS ADVISORY GROUP LLC Service code 26 · EIN 13-3749682 155 PINELAWN RD, STE 210 N · MELVILLE, NY 11747 | Advisory (Participants) | $17,440 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $27,696 | $55,527-50.1% | $81,783-66.1% | $199,768-86.1% |
| Participation rate | 2.1% | 62.7%-60.6pp | 72.4%-70.2pp | 72.0%-69.9pp |
| Annual return | 10.90% | 19.58%-8.7pp | 775.05%-764.2pp | 34.26%-23.4pp |
| Employer contribution / active EE | $0 | $2,111-100.0% | $2,913-100.0% | $3,037-100.0% |
| Participant deferral / active EE | $272 | $3,296-91.7% | $4,320-93.7% | $5,090-94.7% |
| Admin fee / account holder | $138 | $347-60.3% | $7,380-98.1% | $269-48.7% |