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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Recordkeeping | $13,870 |
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $12,330 |
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.
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 | $21,504 | $46,325-53.6% | $143,788-85.0% | $64,814-66.8% |
| Participation rate | 64.0% | 64.2%-0.2pp | 80.3%-16.3pp | 71.5%-7.4pp |
| Annual return | 0.33% | -10.05%+10.4pp | -0.03%+0.4pp | 32.84%-32.5pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $4,353 | $2,647+64.5% | $5,638-22.8% | $4,310+1.0% |
| Admin fee / account holder | $82 | $154-46.8% | $14,675-99.4% | $188-56.4% |