Filed January 23, 2025 (most recent of 2 filings on file)
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
NOTE ADVISORS LLC1 year Service code 15 50 LAKEFRONT BLVD SUITE 215 · BUFFALO, NY 14202 | Recordkeeping | $10,177 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,193 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,994 | $60,607-70.3% | $189,557-90.5% | $86,799-79.3% |
| Participation rate | 54.6% | 68.9%-14.3pp | 78.4%-23.8pp | 72.3%-17.7pp |
| Annual return | 13.85% | 65.18%-51.3pp | 64.17%-50.3pp | 97.91%-84.1pp |
| Employer contribution / active EE | $668 | $1,626-58.9% | $4,412-84.9% | $2,405-72.2% |
| Participant deferral / active EE | $1,397 | $3,895-64.1% | $6,174-77.4% | $4,131-66.2% |
| Admin fee / account holder | $97 | $159-39.0% | $9,807-99.0% | $170-42.9% |