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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $8,326 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $8,717 | $52,639-83.4% | $185,117-95.3% | $62,293-86.0% |
| Participation rate | 25.7% | 63.9%-38.2pp | 77.3%-51.6pp | 69.5%-43.9pp |
| Annual return | 7.18% | 19.57%-12.4pp | 40.50%-33.3pp | 28.90%-21.7pp |
| Employer contribution / active EE | $323 | $1,483-78.2% | $4,182-92.3% | $2,042-84.2% |
| Participant deferral / active EE | $1,168 | $3,097-62.3% | $5,045-76.9% | $3,169-63.2% |
| Admin fee / account holder | $135 | $374-64.0% | $8,159-98.3% | $479-71.9% |