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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 | $27,155 |
Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 27 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281 | Advisory (Plan) | $13,448 |
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.
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.
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 | $73,414 | $101,653-27.8% | $147,080-50.1% | $74,459-1.4% |
| Participation rate | 56.8% | 75.6%-18.7pp | 82.2%-25.4pp | 67.2%-10.4pp |
| Annual return | 9.96% | 8754.98%-8745.0pp | 420.17%-410.2pp | 1369.70%-1359.7pp |
| Employer contribution / active EE | $665 | $3,813-82.6% | $4,933-86.5% | $2,626-74.7% |
| Participant deferral / active EE | $3,727 | $7,304-49.0% | $8,066-53.8% | $4,350-14.3% |
| Admin fee / account holder | $380 | $1,752-78.3% | $12,989-97.1% | $1,945-80.5% |