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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $9,930 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,053 | $74,089-17.6% | $133,975-54.4% | $55,167+10.7% |
| Participation rate | 45.0% | 84.3%-39.3pp | 87.1%-42.1pp | 69.0%-24.0pp |
| Annual return | 6.48% | 12.11%-5.6pp | 29.29%-22.8pp | 169.23%-162.7pp |
| Employer contribution / active EE | $879 | $3,064-71.3% | $5,211-83.1% | $1,963-55.2% |
| Participant deferral / active EE | $2,901 | $4,678-38.0% | $6,282-53.8% | $3,054-5.0% |
| Admin fee / account holder | $391 | $458-14.7% | $9,324-95.8% | $504-22.5% |