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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 | $24,709 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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 | $7,870 | $30,555-74.2% | $80,741-90.3% | $86,821-90.9% |
| Participation rate | 17.2% | 37.2%-20.0pp | 54.2%-37.0pp | 72.3%-55.1pp |
| Annual return | 39.09% | 30.35%+8.7pp | 87.30%-48.2pp | 97.94%-58.9pp |
| Employer contribution / active EE | $45 | $472-90.4% | $1,160-96.1% | $2,406-98.1% |
| Participant deferral / active EE | $460 | $1,050-56.2% | $2,145-78.6% | $4,132-88.9% |
| Admin fee / account holder | $292 | $135+115.6% | $3,380-91.4% | $170+72.2% |