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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 | Advisory (Plan) | $123,082 |
PAYCHEX, INC.5 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $18,807 |
Filed as: ERISA FIDUCIARY SERVICES, INC Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $10,845 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,301 | $122,219-71.9% | $147,096-76.7% | $199,921-82.8% |
| Participation rate | 44.5% | 78.3%-33.8pp | 82.2%-37.7pp | 72.0%-27.5pp |
| Annual return | 19.71% | 30.59%-10.9pp | 419.75%-400.0pp | 34.28%-14.6pp |
| Employer contribution / active EE | $1,216 | $4,096-70.3% | $4,936-75.4% | $3,035-59.9% |
| Participant deferral / active EE | $3,816 | $8,503-55.1% | $8,071-52.7% | $5,089-25.0% |
| Admin fee / account holder | $93 | $179-48.0% | $13,005-99.3% | $269-65.4% |