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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $5,256 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,422 | $59,220-70.6% | $96,572-82.0% | $79,389-78.1% |
| Participation rate | 41.2% | 61.9%-20.7pp | 69.8%-28.6pp | 70.7%-29.5pp |
| Annual return | 16.84% | 27.08%-10.2pp | 37.79%-21.0pp | 116.89%-100.1pp |
| Employer contribution / active EE | $604 | $1,216-50.3% | $2,357-74.4% | $2,428-75.1% |
| Participant deferral / active EE | $1,013 | $2,948-65.6% | $3,850-73.7% | $4,046-75.0% |
| Admin fee / account holder | $78 | $659-88.2% | $6,183-98.7% | $626-87.6% |