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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3 years Filed as: PAYCHEX Service code 15 1175 JOHN STREET · W. HENRIETTA, NY 14586 | Recordkeeping | $12,908 |
Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781 | Recordkeeping | $6,723 |
WEB401K.COM, INC.1 year Service code 15 · EIN 23-2295481 | Recordkeeping | $4,092 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $70,965 | $31,679+124.0% | $74,719-5.0% | $65,185+8.9% |
| Participation rate | 24.3% | 40.4%-16.0pp | 54.5%-30.2pp | 70.2%-45.9pp |
| Annual return | 20.04% | 39.04%-19.0pp | 753.05%-733.0pp | 29.38%-9.3pp |
| Employer contribution / active EE | $377 | $566-33.4% | $1,084-65.3% | $2,177-82.7% |
| Participant deferral / active EE | $964 | $1,191-19.1% | $1,963-50.9% | $3,514-72.6% |
| Admin fee / account holder | $342 | $379-9.7% | $3,334-89.7% | $847-59.6% |