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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 | $16,351 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,887 | $101,539-92.2% | $147,041-94.6% | $74,400-89.4% |
| Participation rate | 91.5% | 75.5%+15.9pp | 82.2%+9.3pp | 67.2%+24.2pp |
| Annual return | 12.57% | 8740.84%-8728.3pp | 419.21%-406.6pp | 1367.51%-1354.9pp |
| Employer contribution / active EE | $1,386 | $3,811-63.6% | $4,935-71.9% | $2,624-47.2% |
| Participant deferral / active EE | $1,760 | $7,304-75.9% | $8,071-78.2% | $4,348-59.5% |
| Admin fee / account holder | $415 | $1,749-76.3% | $13,006-96.8% | $1,944-78.6% |