Filed January 7, 2022 (most recent of 3 filings on file)
Total covered: 4 employees
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.8 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $11,411 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,536 | $81,331-85.8% | $155,534-92.6% | $80,935-85.7% |
| Participation rate | 66.7% | 66.3%+0.4pp | 78.2%-11.6pp | 67.7%-1.0pp |
| Annual return | 10.16% | 33.37%-23.2pp | 64.92%-54.8pp | 35.66%-25.5pp |
| Employer contribution / active EE | $875 | $3,105-71.8% | $4,675-81.3% | $2,757-68.3% |
| Participant deferral / active EE | $2,059 | $3,454-40.4% | $5,630-63.4% | $4,299-52.1% |
| Admin fee / account holder | $175 | $7,999-97.8% | $15,900-98.9% | $6,924-97.5% |