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| Provider | Service type | Compensation |
|---|---|---|
RBC WEALTH MANAGEMENT1 year Service code 15 1211 AVE OF AMERICAS · NEW YORK, NY 10036 | Recordkeeping | $45,252 |
PAYCHEX, INC.2 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $24,518 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $206,089 | $98,982+108.2% | $162,177+27.1% | $65,185+216.2% |
| Participation rate | 93.2% | 85.8%+7.4pp | 87.6%+5.7pp | 70.2%+23.0pp |
| Annual return | 23.51% | 24.84%-1.3pp | 115.60%-92.1pp | 29.38%-5.9pp |
| Employer contribution / active EE | $16,148 | $3,467+365.8% | $5,613+187.7% | $2,177+641.8% |
| Participant deferral / active EE | $17,272 | $5,384+220.8% | $7,297+136.7% | $3,514+391.5% |
| Admin fee / account holder | $508 | $596-14.9% | $10,843-95.3% | $847-40.1% |