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| Provider | Service type | Compensation |
|---|---|---|
Filed as: IRON HORSE WEALTH MANAGEMENT LLC Service code 15 8711 WINDSOR PKWY · JOHNSTON, IA 50131 | Recordkeeping | $17,853 |
PAYCHEX, INC.1 year Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $13,614 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $33,706 | $72,620-53.6% | $90,760-62.9% | $66,938-49.6% |
| Participation rate | 69.1% | 73.7%-4.6pp | 75.7%-6.6pp | 69.8%-0.7pp |
| Annual return | -16.75% | -12.28%-4.5pp | -12.16%-4.6pp | 1.58%-18.3pp |
| Employer contribution / active EE | -$91 | $2,369-103.9% | $2,922-103.1% | $2,545-103.6% |
| Participant deferral / active EE | $2,673 | $3,979-32.8% | $4,565-41.4% | $4,238-36.9% |
| Admin fee / account holder | $244 | $707-65.5% | $8,444-97.1% | $594-58.8% |