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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $14,906 |
Filed as: THE PINNACLE FINANCIAL GROUP Service code 26 · EIN 04-3046611 9 SOUTH LONG BEACH RD · ROCKVILLE CENTRE, NY 11570 | Advisory (Participants) | $7,504 |
Employer 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 | $15,395 | $81,487-81.1% | $102,412-85.0% | $80,935-81.0% |
| Participation rate | 81.3% | 66.8%+14.4pp | 74.5%+6.7pp | 67.7%+13.6pp |
| Annual return | 30.91% | 25.60%+5.3pp | 24.94%+6.0pp | 35.66%-4.7pp |
| Employer contribution / active EE | $0 | $3,103-100.0% | $3,870-100.0% | $2,757-100.0% |
| Participant deferral / active EE | $3,100 | $3,871-19.9% | $5,060-38.7% | $4,299-27.9% |
| Admin fee / account holder | $140 | $6,717-97.9% | $8,388-98.3% | $6,924-98.0% |