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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $27,362 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $29,263 | $106,264-72.5% | $147,117-80.1% | $77,762-62.4% |
| Participation rate | 47.9% | 78.4%-30.5pp | 82.2%-34.3pp | 70.6%-22.7pp |
| Annual return | 19.19% | 56.94%-37.7pp | 420.54%-401.3pp | 31.27%-12.1pp |
| Employer contribution / active EE | $1,334 | $4,074-67.3% | $4,932-73.0% | $2,728-51.1% |
| Participant deferral / active EE | $2,501 | $8,003-68.8% | $8,065-69.0% | $4,651-46.2% |
| Admin fee / account holder | $107 | $334-68.0% | $12,993-99.2% | $433-75.3% |