Filed February 1, 2017
Total covered: 3 employees
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: MERRILL LYNCH , PIERCE FENNER Service code 52 | Indirect Investment Fees | $13,644 |
PAYCHEX, INC.1+ years Filed as: PAYCHEX INC Service code 15 · EIN 16-1124166 | Recordkeeping | $469 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,998 | $88,324-72.8% | $115,037-79.1% | $55,191-56.5% |
| Participation rate | 23.5% | 72.5%-49.1pp | 81.4%-57.9pp | 69.2%-45.7pp |
| Annual return | -3.64% | 6.30%-9.9pp | 26.14%-29.8pp | 10.78%-14.4pp |
| Employer contribution / active EE | $656 | $2,805-76.6% | $4,608-85.8% | $1,899-65.5% |
| Participant deferral / active EE | $2,165 | $5,042-57.1% | $6,026-64.1% | $3,046-28.9% |
| Admin fee / account holder | $4 | $105-96.3% | $8,175-100.0% | $91-95.7% |