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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 | $18,782 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $1,828 | $66,124-97.2% | $90,430-98.0% | $73,493-97.5% |
| Participation rate | 62.0% | 69.7%-7.6pp | 72.7%-10.6pp | 70.7%-8.6pp |
| Annual return | 30.91% | 17.65%+13.3pp | 1293.73%-1262.8pp | 28.51%+2.4pp |
| Employer contribution / active EE | $443 | $2,346-81.1% | $3,262-86.4% | $2,270-80.5% |
| Participant deferral / active EE | $672 | $3,039-77.9% | $3,963-83.0% | $3,740-82.0% |
| Admin fee / account holder | $57 | $396-85.6% | $5,613-99.0% | $513-88.9% |