Filed December 12, 2018
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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.1+ years Service code 15 · EIN 16-1124166 | Recordkeeping | $631 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $4,220 | $41,854-89.9% | $73,836-94.3% | $52,331-91.9% |
| Participation rate | 63.7% | 66.2%-2.5pp | 73.4%-9.7pp | 68.1%-4.4pp |
| Annual return | -3.08% | 2.11%-5.2pp | 2268.06%-2271.1pp | 4.54%-7.6pp |
| Employer contribution / active EE | $341 | $1,920-82.2% | $2,787-87.8% | $1,882-81.9% |
| Participant deferral / active EE | $1,073 | $2,498-57.1% | $3,583-70.1% | $3,022-64.5% |
| Admin fee / account holder | $9 | $493-98.2% | $4,882-99.8% | $592-98.5% |