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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT4 years Filed as: RBC CAPITAL MARKETS Service code 26 · EIN 20-0563684 60 SOUTH 6TH STREET · MINNEAPOLIS, MN 55402 | Advisory (Participants) | $50,000 |
PAYCHEX, INC.7 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $32,930 |
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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $271,221 | $122,042+122.2% | $184,260+47.2% | $74,459+264.3% |
| Participation rate | 93.9% | 85.5%+8.4pp | 86.8%+7.0pp | 67.2%+26.6pp |
| Annual return | 17.55% | 19.91%-2.4pp | 28.84%-11.3pp | 1369.70%-1352.2pp |
| Employer contribution / active EE | $0 | $4,537-100.0% | $6,427-100.0% | $2,626-100.0% |
| Participant deferral / active EE | $18,590 | $7,143+160.3% | $9,133+103.6% | $4,350+327.4% |
| Admin fee / account holder | $517 | $1,252-58.7% | $13,898-96.3% | $1,945-73.4% |