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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 | $6,249 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,282 | $65,555-76.7% | $86,216-82.3% | $75,173-79.7% |
| Participation rate | 85.4% | 60.5%+24.9pp | 69.0%+16.4pp | 67.2%+18.2pp |
| Annual return | 21.68% | 46.07%-24.4pp | 1169.42%-1147.7pp | 160.72%-139.0pp |
| Employer contribution / active EE | $0 | $1,553-100.0% | $2,382-100.0% | $2,671-100.0% |
| Participant deferral / active EE | $4,230 | $3,023+39.9% | $3,986+6.1% | $4,126+2.5% |
| Admin fee / account holder | $53 | $5,469-99.0% | $6,853-99.2% | $5,651-99.1% |