Filed May 10, 2018
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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 | $11,590 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,449 | $101,672-72.0% | $147,117-80.7% | $74,478-61.8% |
| Participation rate | 80.4% | 75.5%+4.9pp | 82.2%-1.7pp | 67.2%+13.2pp |
| Annual return | 22.52% | 8757.83%-8735.3pp | 420.54%-398.0pp | 1370.56%-1348.0pp |
| Employer contribution / active EE | $1,566 | $3,813-58.9% | $4,932-68.2% | $2,626-40.4% |
| Participant deferral / active EE | $2,799 | $7,305-61.7% | $8,065-65.3% | $4,350-35.7% |
| Admin fee / account holder | $120 | $1,753-93.2% | $12,993-99.1% | $1,946-93.8% |