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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Filed as: PAYCHEX, INC Service code 15 · EIN 16-1124166 | Recordkeeping | $2,440 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $25,494 | $55,182-53.8% | $73,309-65.2% | $55,191-53.8% |
| Participation rate | 35.3% | 73.9%-38.7pp | 74.9%-39.6pp | 69.2%-33.9pp |
| Annual return | 43.49% | 8.55%+34.9pp | 5.67%+37.8pp | 10.78%+32.7pp |
| Employer contribution / active EE | $0 | $1,935-100.0% | $3,237-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $3,848 | $4,641-17.1% | $4,991-22.9% | $3,046+26.3% |
| Admin fee / account holder | $10 | $68-85.2% | $5,637-99.8% | $91-88.8% |