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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.10+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $38,951 |
RBC WEALTH MANAGEMENT5 years Service code 27 · EIN 41-1416330 | Advisory (Plan) | $38,257 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,481 | $50,902-30.3% | $155,534-77.2% | $77,736-54.4% |
| Participation rate | 30.2% | 63.1%-32.9pp | 78.2%-48.0pp | 70.6%-40.4pp |
| Annual return | 12.90% | 34.85%-21.9pp | 64.92%-52.0pp | 31.26%-18.4pp |
| Employer contribution / active EE | $2,221 | $1,991+11.5% | $4,675-52.5% | $2,728-18.6% |
| Participant deferral / active EE | $2,902 | $2,824+2.8% | $5,630-48.5% | $4,651-37.6% |
| Admin fee / account holder | $163 | $437-62.7% | $15,900-99.0% | $433-62.3% |