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| Provider | Service type | Compensation |
|---|---|---|
PAYCHEX, INC.3 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Recordkeeping | $17,530 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,827 | $50,919-68.9% | $155,556-89.8% | $77,762-79.6% |
| Participation rate | 42.4% | 63.1%-20.7pp | 78.2%-35.8pp | 70.6%-28.2pp |
| Annual return | 17.00% | 34.84%-17.8pp | 64.84%-47.8pp | 31.27%-14.3pp |
| Employer contribution / active EE | $1,140 | $1,991-42.7% | $4,675-75.6% | $2,728-58.2% |
| Participant deferral / active EE | $2,124 | $2,824-24.8% | $5,631-62.3% | $4,651-54.3% |
| Admin fee / account holder | $70 | $437-84.0% | $15,885-99.6% | $433-83.9% |