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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $39,039 |
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $17,119 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $114,401 | $87,106+31.3% | $105,607+8.3% | $80,935+41.3% |
| Participation rate | 97.7% | 70.4%+27.2pp | 75.3%+22.4pp | 67.7%+30.0pp |
| Annual return | 14.85% | 17.01%-2.2pp | 116.11%-101.3pp | 35.66%-20.8pp |
| Employer contribution / active EE | $10,548 | $2,396+340.2% | $3,167+233.1% | $2,757+282.6% |
| Participant deferral / active EE | $24,731 | $3,986+520.5% | $5,011+393.5% | $4,299+475.2% |
| Admin fee / account holder | $422 | $8,447-95.0% | $10,958-96.1% | $6,924-93.9% |