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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $6,514 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,067 | $83,045-54.2% | $130,045-70.7% | $71,511-46.8% |
| Participation rate | 43.8% | 74.1%-30.3pp | 78.5%-34.7pp | 67.9%-24.1pp |
| Annual return | 17.71% | 20.61%-2.9pp | -137.30%+155.0pp | 28.86%-11.1pp |
| Employer contribution / active EE | $1,371 | $2,623-47.7% | $4,321-68.3% | $2,589-47.0% |
| Participant deferral / active EE | $3,327 | $4,436-25.0% | $5,820-42.8% | $4,291-22.5% |
| Admin fee / account holder | $52 | $1,727-97.0% | $10,600-99.5% | $1,588-96.7% |