Filed March 19, 2015 (most recent of 2 filings on file)
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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 | $16,231 |
Filed as: AXA ADVISORS, LLC Service code 15 100 MADISON STREET · SYRACUSE, NY 13202 | Recordkeeping | $8,742 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $6,158 | $73,102-91.6% | $123,553-95.0% | $56,289-89.1% |
| Participation rate | 68.6% | 74.3%-5.8pp | 82.3%-13.7pp | 69.9%-1.3pp |
| Annual return | -4.46% | 3.01%-7.5pp | 119.21%-123.7pp | -9.96%+5.5pp |
| Employer contribution / active EE | $0 | $2,977-100.0% | $4,628-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $2,498 | $5,423-53.9% | $6,426-61.1% | $3,350-25.4% |
| Admin fee / account holder | $82 | $554-85.2% | $9,284-99.1% | $521-84.3% |