Filed July 12, 2022
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $10,515 |
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
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Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,820 | $62,672-57.2% | $185,117-85.5% | $70,126-61.8% |
| Participation rate | 97.1% | 63.8%+33.4pp | 77.3%+19.9pp | 69.5%+27.6pp |
| Annual return | 19.02% | 40.79%-21.8pp | 40.50%-21.5pp | 73.15%-54.1pp |
| Employer contribution / active EE | $2,075 | $1,753+18.3% | $4,182-50.4% | $2,343-11.4% |
| Participant deferral / active EE | $3,944 | $3,272+20.6% | $5,045-21.8% | $3,332+18.4% |
| Admin fee / account holder | $102 | $3,932-97.4% | $8,159-98.7% | $4,645-97.8% |