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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $195 |
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,118 | $41,854-8.9% | $73,836-48.4% | $52,331-27.2% |
| Participation rate | 40.3% | 66.2%-25.9pp | 73.4%-33.1pp | 68.1%-27.8pp |
| Annual return | -0.70% | 2.11%-2.8pp | 2268.06%-2268.8pp | 4.54%-5.2pp |
| Employer contribution / active EE | $0 | $1,920-100.0% | $2,787-100.0% | $1,882-100.0% |
| Participant deferral / active EE | $1,828 | $2,498-26.8% | $3,583-49.0% | $3,022-39.5% |
| Admin fee / account holder | $13 | $493-97.4% | $4,882-99.7% | $592-97.8% |