Filed February 11, 2011 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.5 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $20,708 |
Filed as: ALERA INVESTMENT ADVISORS LLC Service code 27 · EIN 81-4473358 | Advisory (Plan) | $12,112 |
Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346 | Recordkeeping | $5,197 |
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.
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,117 | $88,087-6.8% | $164,866-50.2% | $74,546+10.2% |
| Participation rate | 56.1% | 73.1%-17.0pp | 78.6%-22.5pp | 67.2%-11.1pp |
| Annual return | 10.60% | 17.27%-6.7pp | 69.97%-59.4pp | 1366.03%-1355.4pp |
| Employer contribution / active EE | $579 | $2,595-77.7% | $4,343-86.7% | $2,624-77.9% |
| Participant deferral / active EE | $1,849 | $4,499-58.9% | $6,033-69.3% | $4,347-57.5% |
| Admin fee / account holder | $414 | $2,232-81.5% | $12,689-96.7% | $1,944-78.7% |