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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3+ years Service code 15 · EIN 16-1124166 220 KENNETH DRIVE · ROCHESTER, NY 14623 | Recordkeeping | $7,217 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $70,040 | $50,637+38.3% | $86,582-19.1% | $62,293+12.4% |
| Participation rate | 66.9% | 67.9%-1.0pp | 73.5%-6.7pp | 69.5%-2.6pp |
| Annual return | 19.48% | 20.80%-1.3pp | 965.08%-945.6pp | 28.90%-9.4pp |
| Employer contribution / active EE | $883 | $2,075-57.4% | $2,839-68.9% | $2,042-56.8% |
| Participant deferral / active EE | $3,629 | $2,611+39.0% | $3,609+0.6% | $3,169+14.5% |
| Admin fee / account holder | $315 | $413-23.7% | $4,904-93.6% | $479-34.2% |