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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3+ years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $6,630 |
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.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,873 | $84,493-83.6% | $125,381-88.9% | $66,938-79.3% |
| Participation rate | 60.6% | 76.4%-15.8pp | 82.4%-21.8pp | 69.8%-9.2pp |
| Annual return | -18.05% | -8.49%-9.6pp | 572.31%-590.4pp | 1.58%-19.6pp |
| Employer contribution / active EE | $1,326 | $3,554-62.7% | $4,815-72.5% | $2,545-47.9% |
| Participant deferral / active EE | $1,973 | $6,783-70.9% | $7,448-73.5% | $4,238-53.4% |
| Admin fee / account holder | $38 | $685-94.4% | $10,007-99.6% | $594-93.6% |