Filed May 10, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $5,627 |
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 | $14,827 | $84,493-82.5% | $125,381-88.2% | $66,938-77.9% |
| Participation rate | 90.3% | 76.4%+13.9pp | 82.4%+7.9pp | 69.8%+20.5pp |
| Annual return | -16.33% | -8.49%-7.8pp | 572.31%-588.6pp | 1.58%-17.9pp |
| Employer contribution / active EE | $1,419 | $3,554-60.1% | $4,815-70.5% | $2,545-44.2% |
| Participant deferral / active EE | $2,260 | $6,783-66.7% | $7,448-69.7% | $4,238-46.7% |
| Admin fee / account holder | $62 | $685-90.9% | $10,007-99.4% | $594-89.5% |