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.2 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $11,229 |
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.
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 | $5,553 | $47,977-88.4% | $154,114-96.4% | $56,287-90.1% |
| Participation rate | 62.0% | 66.2%-4.2pp | 83.0%-21.1pp | 69.9%-7.9pp |
| Annual return | -9.32% | 3.54%-12.9pp | 735.16%-744.5pp | -9.96%+0.6pp |
| Employer contribution / active EE | $761 | $2,169-64.9% | $5,298-85.6% | $2,111-64.0% |
| Participant deferral / active EE | $1,225 | $2,392-48.8% | $5,081-75.9% | $3,350-63.4% |
| Admin fee / account holder | $57 | $438-87.0% | $13,411-99.6% | $521-89.1% |