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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $7,045 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $20,382 | $89,739-77.3% | $149,721-86.4% | $62,293-67.3% |
| Participation rate | 31.1% | 85.1%-54.0pp | 87.1%-56.0pp | 69.5%-38.4pp |
| Annual return | 20.77% | 21.01%-0.2pp | 1501.67%-1480.9pp | 28.90%-8.1pp |
| Employer contribution / active EE | $0 | $3,233-100.0% | $5,444-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $2,794 | $4,797-41.8% | $6,568-57.5% | $3,169-11.8% |
| Admin fee / account holder | $202 | $551-63.4% | $11,282-98.2% | $479-57.9% |