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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 | $5,335 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
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 | $10,247 | $54,573-81.2% | $90,965-88.7% | $73,493-86.1% |
| Participation rate | 29.7% | 61.2%-31.4pp | 69.0%-39.3pp | 70.7%-40.9pp |
| Annual return | 40.26% | 16.69%+23.6pp | 134.57%-94.3pp | 28.51%+11.7pp |
| Employer contribution / active EE | $770 | $991-22.4% | $2,122-63.7% | $2,270-66.1% |
| Participant deferral / active EE | $1,195 | $2,517-52.5% | $3,373-64.6% | $3,740-68.0% |
| Admin fee / account holder | $123 | $521-76.5% | $5,960-97.9% | $513-76.1% |