Filed January 8, 2024
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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 | $14,331 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,932 | $122,239-64.1% | $184,203-76.2% | $74,495-41.0% |
| Participation rate | 96.5% | 85.5%+11.0pp | 86.8%+9.7pp | 67.2%+29.3pp |
| Annual return | 15.84% | 19.95%-4.1pp | 28.81%-13.0pp | 1364.94%-1349.1pp |
| Employer contribution / active EE | $1,877 | $4,537-58.6% | $6,427-70.8% | $2,623-28.4% |
| Participant deferral / active EE | $4,089 | $7,139-42.7% | $9,131-55.2% | $4,346-5.9% |
| Admin fee / account holder | $147 | $1,260-88.3% | $13,901-98.9% | $1,942-92.4% |