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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 | $5,753 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,984 | $81,494-60.8% | $133,978-76.1% | $73,497-56.5% |
| Participation rate | 50.8% | 76.4%-25.6pp | 79.8%-29.1pp | 70.7%-19.9pp |
| Annual return | 12.21% | 19.40%-7.2pp | 45.10%-32.9pp | 28.51%-16.3pp |
| Employer contribution / active EE | $1,194 | $2,210-46.0% | $3,919-69.5% | $2,270-47.4% |
| Participant deferral / active EE | $3,053 | $3,787-19.4% | $5,047-39.5% | $3,740-18.4% |
| Admin fee / account holder | $64 | $713-91.0% | $8,930-99.3% | $513-87.4% |