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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MANAGEMENT - REP I Service code 15 1211 AVE OF AMERICAS · NEW YORK, NY 10036 | Recordkeeping | $53,120 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $30,792 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $179,961 | $79,523+126.3% | $140,019+28.5% | $56,287+219.7% |
| Participation rate | 90.6% | 85.7%+4.9pp | 87.5%+3.1pp | 69.9%+20.7pp |
| Annual return | -2.40% | 2.39%-4.8pp | 651.15%-653.6pp | -9.96%+7.6pp |
| Employer contribution / active EE | $13,663 | $3,350+307.8% | $5,605+143.7% | $2,111+547.2% |
| Participant deferral / active EE | $14,451 | $5,129+181.8% | $6,927+108.6% | $3,350+331.4% |
| Admin fee / account holder | $730 | $614+18.9% | $10,705-93.2% | $521+40.2% |