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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $2,269 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $9,920 | $45,283-78.1% | $155,789-93.6% | $52,331-81.0% |
| Participation rate | 61.5% | 62.2%-0.7pp | 76.1%-14.6pp | 68.1%-6.6pp |
| Annual return | -0.07% | 1.80%-1.9pp | 71.54%-71.6pp | 4.54%-4.6pp |
| Employer contribution / active EE | $418 | $1,329-68.6% | $3,839-89.1% | $1,882-77.8% |
| Participant deferral / active EE | $1,202 | $2,854-57.9% | $4,798-74.9% | $3,022-60.2% |
| Admin fee / account holder | $27 | $981-97.2% | $7,477-99.6% | $592-95.4% |