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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 | $6,703 |
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.
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 | $16,284 | $80,177-79.7% | $123,894-86.9% | $57,658-71.8% |
| Participation rate | 50.1% | 74.4%-24.3pp | 81.4%-31.3pp | 70.2%-20.1pp |
| Annual return | 50.39% | 17.90%+32.5pp | 47.52%+2.9pp | 5.13%+45.3pp |
| Employer contribution / active EE | $312 | $2,913-89.3% | $4,617-93.2% | $1,974-84.2% |
| Participant deferral / active EE | $2,276 | $5,130-55.6% | $5,984-62.0% | $3,061-25.6% |
| Admin fee / account holder | $33 | $106-68.8% | $8,357-99.6% | $95-64.9% |