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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Filed as: PAYCHEX, INC Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $6,002 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,055 | $51,466-72.7% | $78,778-82.2% | $62,293-77.4% |
| Participation rate | 85.3% | 59.8%+25.5pp | 69.2%+16.1pp | 69.5%+15.7pp |
| Annual return | 17.20% | 19.96%-2.8pp | 35.62%-18.4pp | 28.90%-11.7pp |
| Employer contribution / active EE | $0 | $827-100.0% | $1,986-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,248 | $2,147+4.7% | $2,958-24.0% | $3,169-29.1% |
| Admin fee / account holder | $15 | $489-96.9% | $5,134-99.7% | $479-96.9% |