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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 | $12,103 |
Service code 15 | Recordkeeping | $11,246 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,831 | $69,383-23.9% | $101,275-47.8% | $73,497-28.1% |
| Participation rate | 52.4% | 68.4%-15.9pp | 75.8%-23.4pp | 70.7%-18.3pp |
| Annual return | 14.65% | 18.46%-3.8pp | 46.48%-31.8pp | 28.51%-13.9pp |
| Employer contribution / active EE | $12 | $2,628-99.5% | $3,660-99.7% | $2,270-99.5% |
| Participant deferral / active EE | $3,448 | $3,301+4.5% | $4,371-21.1% | $3,740-7.8% |
| Admin fee / account holder | $240 | $704-65.8% | $5,948-96.0% | $513-53.1% |