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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 | $8,400 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $27,176 | $58,726-53.7% | $92,240-70.5% | $62,293-56.4% |
| Participation rate | 46.2% | 68.3%-22.1pp | 76.5%-30.3pp | 69.5%-23.3pp |
| Annual return | 18.85% | 43.62%-24.8pp | 176.29%-157.4pp | 28.90%-10.0pp |
| Employer contribution / active EE | $1,549 | $2,392-35.3% | $3,680-57.9% | $2,042-24.2% |
| Participant deferral / active EE | $2,319 | $2,766-16.1% | $3,897-40.5% | $3,169-26.8% |
| Admin fee / account holder | $212 | $556-61.8% | $5,194-95.9% | $479-55.7% |