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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 | $8,218 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,918 | $136,307-74.4% | $177,827-80.4% | $73,493-52.5% |
| Participation rate | 61.5% | 86.1%-24.6pp | 87.7%-26.3pp | 70.7%-9.2pp |
| Annual return | 21.59% | 18.68%+2.9pp | 48.32%-26.7pp | 28.51%-6.9pp |
| Employer contribution / active EE | $0 | $3,712-100.0% | $5,918-100.0% | $2,270-100.0% |
| Participant deferral / active EE | $5,707 | $5,829-2.1% | $7,713-26.0% | $3,740+52.6% |
| Admin fee / account holder | $86 | $596-85.6% | $12,429-99.3% | $513-83.2% |