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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 | $122,128-71.9% | $147,117-76.7% | $200,096-82.9% |
| Participation rate | 44.5% | 78.2%-33.7pp | 82.2%-37.7pp | 72.0%-27.5pp |
| Annual return | 19.71% | 30.58%-10.9pp | 420.54%-400.8pp | 34.26%-14.6pp |
| Employer contribution / active EE | $1,216 | $4,093-70.3% | $4,932-75.3% | $3,038-60.0% |
| Participant deferral / active EE | $3,816 | $8,484-55.0% | $8,065-52.7% | $5,090-25.0% |
| Admin fee / account holder | $93 | $180-48.1% | $12,993-99.3% | $269-65.4% |