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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 | Recordkeeping | $3,860 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $22,687 | $38,969-41.8% | $109,313-79.2% | $55,167-58.9% |
| Participation rate | 29.0% | 58.2%-29.3pp | 71.3%-42.3pp | 69.0%-40.0pp |
| Annual return | 7.97% | 8.26%-0.3pp | 22.07%-14.1pp | 169.23%-161.3pp |
| Employer contribution / active EE | $348 | $1,227-71.6% | $3,892-91.1% | $1,963-82.3% |
| Participant deferral / active EE | $928 | $2,176-57.3% | $3,166-70.7% | $3,054-69.6% |
| Admin fee / account holder | $217 | $501-56.7% | $5,666-96.2% | $504-57.0% |