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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.2 years Filed as: PAYCHEX Service code 15 1175 JOHN STREET · W. HENRIETTA, NY 14586 | Recordkeeping | $16,062 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $54,838 | $23,224+136.1% | $71,086-22.9% | $55,725-1.6% |
| Participation rate | 25.0% | 37.9%-12.9pp | 54.7%-29.7pp | 70.9%-45.9pp |
| Annual return | -6.33% | -2.87%-3.5pp | 650.59%-656.9pp | 244.93%-251.3pp |
| Employer contribution / active EE | $311 | $436-28.7% | $1,088-71.4% | $2,078-85.0% |
| Participant deferral / active EE | $809 | $929-13.0% | $1,874-56.9% | $3,356-75.9% |
| Admin fee / account holder | $233 | $118+97.4% | $3,082-92.4% | $115+102.1% |