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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Filed as: PAYCHEX INC Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $8,534 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,838 | $91,424-80.5% | $135,942-86.9% | $71,495-75.1% |
| Participation rate | 55.2% | 75.7%-20.4pp | 81.9%-26.7pp | 67.9%-12.7pp |
| Annual return | 20.46% | 29.90%-9.4pp | 68.28%-47.8pp | 28.85%-8.4pp |
| Employer contribution / active EE | $1,248 | $3,704-66.3% | $4,858-74.3% | $2,589-51.8% |
| Participant deferral / active EE | $2,020 | $7,092-71.5% | $7,759-74.0% | $4,291-52.9% |
| Admin fee / account holder | $45 | $1,266-96.5% | $10,764-99.6% | $1,588-97.2% |