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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 | Contract Administrator | $86,971 |
PAYCHEX, INC.4 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $32,436 |
Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788 | Contract Administrator | $18,065 |
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 | $30,546 | $107,415-71.6% | $135,942-77.5% | $80,149-61.9% |
| Participation rate | 41.6% | 78.0%-36.4pp | 81.9%-40.3pp | 72.9%-31.4pp |
| Annual return | 27.31% | 91.99%-64.7pp | 68.28%-41.0pp | 40.39%-13.1pp |
| Employer contribution / active EE | $1,092 | $3,878-71.8% | $4,858-77.5% | $2,977-63.3% |
| Participant deferral / active EE | $3,945 | $8,189-51.8% | $7,759-49.2% | $5,015-21.3% |
| Admin fee / account holder | $98 | $127-23.2% | $10,764-99.1% | $145-32.7% |